A by-law to authorize the borrowing upon instalment debentures in the aggregate principal amount of $39,800,000.00 (10 year instalment debentures in the aggregate principal amount of $27,500,000.00 and 20 year instalment debentures in the aggregate principal amount of $12,300,000.00) for capital works of the Cities of Niagara Falls, St. Catharines and Welland, the Towns of Fort Erie, Grimsby, Lincoln and Niagara-on-the-Lake, and the Township of West Lincoln.