A BY-LAW TO AUTHORIZE CERTAIN CAPITAL WORKS OF CASSELLHOLME HOME FOR THE AGED BY WAY OF THE CORPORATION OF THE CITY OF NORTH BAY (THE "MUNICIPALITY"); TO AUTHORIZE THE SUBMISSION OF AN APPLICATION TO THE ONTARIO INFRASTRUCTURE PROJECTS CORPORATION ("OIPC") FOR FINANCING SUCH CAPITAL WORKS ON BEHALF OF CASSELLHOLME; TO AUTHORIZE TEMPORARY BORROWING FROM OIPC TO MEET EXPENDITURES IN CONNECTION WITH SUCH WORKS; AND TO AUTHORIZE LONG TERM BORROWING FROM OIPC FOR SUCH WORKS THROUGH THE ISSUE OF DEBENTURES.