BEING A BY-LAW TO AUTHORIZE THE EXECUTION OF AN AGREEMENT OF PURCHASE AND SALE DATED THE 3RD DAY OF MAY, 2006 BETWEEN THE CORPORATION OF THE CITY OF NORTH BAY AND CHAMBERLAIN MANAGEMENT SERVICES LIMITED RELATING TO THE PURCHASE OF PROPERTY LOCATED ON SEYMOUR STREET, CITY OF NORTH BAY, DISTRICT OF NIPISSING.