BEING A BY-LAW AUTHORIZING THE EXECUTION OF THAT CERTAIN AGREEMENT DATED THE 6TH DAY OF MARCH, 1975 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 1, PHASE II.