BEING A BY-LAW TO AUTHORIZE THE EXECUTION OF AN AGREEMENT OF PURCHASE AND SALE DATED THE 19TH DAY OF DECEMBER, 2006 BETWEEN THE CORPORATION OF THE CITY OF NORTH BAY AND CHAMBERLAIN MANAGEMENT SERVICES LIMITED, IN TRUST, RELATING TO THE PURCHASE OF 1.08 ACRES OF LANDS TO THE EAST OF THE CHAMBER OF COMMERCE BUILDING.