AKAROA BOROUGH COUNCIL.

Akaroa Mail and Banks Peninsula Advertiser, Volume XXIV, Issue 2076, 7 August 1896, Page 3

AKAROA BOROUGH COUNCIL.

A special meeting of • this Con nc?l"wn held on Wednesday' night.. Present— Hie Worship the Mayor and Ore Checkley, Harrison,. Heath, Penlington. and Taylor. The armrial accounts, audi *d and certified to a« coireot werp l.iid before tbe Coiinf ; l

Or P»>n'linert\>n r mbved nnd'; Cr Harrison secorxieH, • 'T>.*'» t the annnol ":)> .lahee-<»heFt>» and hi t9mrjitof-*the Bunim-h Treasurer for'the year* ended 31m Man-It. 1896, and certified to.by the Auditor General. Be adopted' by this Council, and signed as the true BCoountß of the Borongh for the period above mentioned.* (Carried.) Cr Harrison moved, and Cr Heath seconded, ' Tbat it be publiclynotifiedthat thb Borough accounts, as certified to by tbe Auditor-General and adopted by this Counoil, can be seen and. copies obtained upon application at tie office of the Council dtitiog office hour?.' (Carried.)

Re special meeting of appointment of Publio Trustee as Commissioner for loan of £900 the Mayor said thot Bank interest Was 3£ per cent, whibt the Public Trufetee gave 4 per cent. His Worship read sections of Act referring to matter.

Cr Taylor then moved, 'That this Council, by virtue of the powers conferred by section 61 of the Local Bodies Loans Act 1885. do hereby appoint the Public 'Troptee to be the Commissioner to whom all moneys shall be prn'd, thfit may from time to time be appropriated as a sinking fund for tbis Council's loan of £900, borrowed from the Government Insurance Commissioner; and further, tbat the said Publio Trustee be instructed to invest any moneys so appropriated and paid to bim. together with all interest and profits accruing therefrom, in the manner provided by the Publio Trust Office Acts.' Seconded by Cr Penlington and carried.

The Mayor and Cr Penlington were empowered to affix the Borough seal to the agreement.