BEING A BY-LAW AUTHORIZING THE EXECUTION OF THAT CERTAIN AGREEMENT DATED THE 28TH DAY OF DECEMBER, 1973 BETWEEN CENTRAL MORTGAGE AND HOUSING CORPORATION AND THE CORPORATION OF THE CITY OF NORTH BAY FOR THE BORROWING OF MONIES TO ASSIST IN THE CONSTRUCTION OF THE CHIPPEWA VALLEY TRUNK SEWER - PART A, PHASE I.