A by-law to authorize the borrowing upon instalment debentures in the aggregate principal amount of $30,945,431.00 ($200,000.00 principal amount of 5 year instalment debentures and $30,745,431.00 principal amount of 10 year instalment debentures) for capital works of the Cities of Niagara Falls, St. Catharines and Welland, and of the Town of Pelham and of the Township of Wainfleet.