Page 24 Advertisements Column 7

Press, Volume LXXIII, Issue 22194, 10 September 1937, Page 24

BOROUGH OF SUMNER. penny In the pound (.25 of Extension Loan Special the boundaries of which are descnnea in the Schedule hereto, and that su^ Special Rate shall bei an curring Rate during the currency the h Fou a rth day ol every year during the c^ r enH of Loan, being a period of thirty years or until the Loan is fully paid ofl. AND NOTICE IS FTOTHKt £ or Sg to the »« »»a Council at its office situate in Wakenwa Avenue, Sumner, before 4 p.m. on wea nesday the 15th day of September 1937. SCHEDULE . . . ALL property at present Included In the existing Sumner Special Drainage Area, namely:— , „ „ ALL that area in the Borough of Sumner commencing at the north corner o Lot 1 D.P. 3201 thence in a southerly direction to the south west corner of Lot iTa south e westeriy direction the north S"y dlrocUon totl.. e»«J of Lot 3 D.P. 4166 along the eastern boundary of Lot 3, thence Ina u westerly director! to the corner of Pt. J-»ot o *■* » . _ along the eastern boundaries of Lft 2 u-r----20X6 to the south west corner of Pt. Lot 3 D.P. 1747, thence in a westerly dtiec tion to the north west corner of Let IB D.P. 4037, thence in a south we l te f p th e tion to Clifton Terrace thence along the western boundaries of Lots 17 m D.P. 4037/8 and Lots 4, 6. 7 D-P- 26Z2 ana Lot 1 D.P. 3386, thence in a south easterly direction to the south west corner of Lot 15 D.P. 3386, thence in a north easterly direction to the south west corner of Lot X D.P. 8548, thence along the so . l jt h - b °nf I « 1 nrv of the said Lot, thence in a 6 ° u “? westerly direction to the south west cortier of Lot 61 D.P. 3057. thence along the south boundary of the said Lot to the Richmond Hill Road. th ® n ?e %£ h moncl westerly direction along the Richmona Hill Road to the south west corner of Lot 52 D.P. 3057, thence in an easterly and north easterly direction along the boundaries of Lots 52, 51. 50, 49, 48 47. 46, 45. and .44 D.P.‘ 3057 and Lots 2 and X D.P. 4X48 to the Upper Richmond Hill Road, thence across the said road, thence in a south easterly direction generally to the south west corner of Res. 69 thence m an easterly direction to the south east corner of Res. 69 thence in a north easterly direction along Wakefield Avenue to the south west corner of Lot 207 D.P. 2X46. thence in an easterly and north easterly direction to Colenso s^ e et, thence in a southerly direction along Whitfield Street to the south west corner of Lot 3 D.P. 9339. thence in an easterly and south easterly direction to the south east corner of Lot 2 D.P. 9339. thence across Harper Street to the south west corner of Lot 2 D.P. 6288 and along the south boundaries of Lots 192, 190, 188. 186, 184 D.P. 2146 to the south east corner of the said Lot 184, thence in a north easterly direction to the south east comer of Lot 227 D.P. 2146: thence in a north easterly direction to the south west corner oL Lot 234 D.P. 13, thence along the boundaries of Rural Sections 13 and J44 to the south east corner of Lot 233 D.P, 13, thence in a southerly direction- to the south west corner of Lot 4 D.P. 6767, thence along the south boundaries of Lots 4 ana 5 D.P. 6767 to the south east comer of the said Lot 5. thence along the eastern boundary of Lot 5 to the south west corner of Lot 7 D.P. 6767, thence along the South boundary of Lot 7 to Heberden Avenue, thence in a north easterly direction generally along Heberden Avenue to the north east corner of Lot 231 D.P. 13, thence along the north boundary of the said Lot 231 to the north west comer thereof, thence in a north easterly direction to the north east corner of Lot 230 D.P. 13, thence in a south easterly dlrec-

tion to the south east corner of Lot 2 D.P. 8865, thence in an easterly direction along Heberden Avenue to the southern boundary of Lot 3 D.P. 5201, thence along the eastern boundaries of the said Lot to Heberden Avenue, thence In a north easterly direction to the north east corner of D.P. 4705, thence to the north west corner of the said DP., thence to the south west corner of the said D.P., thence to the junction of the said D.P. with Heberden Avenue, thence in a south westerly direction to the north east corner of Pt. Lot 84 D.P. 13 thence along the north boundary of the said Pt. Lot 84 DP. 13 and Lots 1 and 2 DP. 4844, thence in a north easterly direction to the north east corner of Lot 6 DP. 4844, thence in a north westerly direction to the south east corner of Lot 5 D.P. 4368, thence In a north easterly direction to the south east corner of Lot 80 DP. 13 thence in a south easterly direction to the south east corner of Lot 4 D.P. 1130, thence in a north westerly direction to the foreshore, thence along high water mark generally to the commencing point. The same being more particularly delineated on a plan deposited for public inspection at the office of the Sumner Borough Council, Wakefield Avenue, Sumner. RESOLUTION (3) In pursuance and exercise of the powers vested in it by "The Finance Act 1936" (No. 2) "The Employment Promotion Act 1936" "The Local Government Loans Board Act 1926” "The Local Bodies Loans Act 1926” and all other powers and authorities (if any) in that behalf enabling it. The Sumner Borough , Council hereby resolves by way of Special Order as follows: . 1 To raise a Loan of three thousand nine hundred pounds (£3900) for the purpose of increasing the size of the water mains in the Sumner area of the Borough in order to provide Increased pressure and supply to residents thereof and for the purchase of all materials and things incidental to the work. 2. That the term, of the Loan shall be thirty (30) years and further that such Loan be known as "The Waterworks Extension Improvement Lean of £3900 (1937).” 3 That the rate of interest on the said loan or any part thereof shall be such as shall not produce to the lender or lenders a rate exceeding three.pounds ten shillings (£3 10s Od) per centum per annum, payable half yearly. 4. ,(a) That to provide funds for the repayment of the loan the C&uncil hereby creates a sinking Fund. (b) That the Public Trustee in and for the Dominion of New Zealand shall be and is herein appointed the Commissioner of the said Sinking Fund and such appointment shall be irrevocable. (c) That the Council hereby resolves to appropriate and pay to the Commissioner of the said Sinking Fund out of the Special Rate applicable for that purpose, a contribution equal to two pounds (£2) per centum per annum calculated on the value of the securities issued in respect of every part of the said Loan for the time being raised and repaid: the first of such contributions to be made not later than °" e .£ ea .r after the first day from which interest to the lender or lenders is computed. 3 ‘ the security for payment of prlnJ nt ® reEt on the said Loan si* 3 !! take the form of. Debentures with relative coupons in conformity with the requirements of “The Local Bodies Loans Act 1926" and that such Debencnawi Prloted shall be executed, sealed, and issued as required. amount payable as either in--7' sss sss, ■>» -■«! 8. That the payment of interest and reof principal in respect-of the land k° an E be made in New Zea9. That the cost of raising the Loan he not paid out of the Loan. be 10 toe Council doth hereby annro. priate and pledge as security repayment of the said Loan ami Interest, sinking fund and charges thereon a Special rate of (.!« ?hT t po t u W n°d n^tS f e » Value) ( of iii e R b atlabi f to e untoprovid tW SuSfnfir Wate b rwo P rk°s Per^ and Improvement Loan Special RaSSe rea > the boundaries of which are described in the Schedule hereto and that such special rate shall be an annual recurring rate duringthecurrency of such loan and be MvShfc yearly on the 4th day of Aujmst in each and every year during the mr” rency of such loan being a period of paid y off. earS ° r UntU loaiTls fully AND NOTICE IS HEREBY FUR' S? VE N ir > pursuance of the provlslc TjieFinance Act 1936 (No. 2) That of the ratepayers will be taken o foregpmg proposal if five per cent. to, e Ratepayers of the District so d m unde r toeir hands deli to ° r f e nt by post to the Sumner Bo Council at its office situate in Walt Avenue. Sumner, before 4 p.rn on nesday the 15th day of September! SCHEDULE ALL that area in the Borough of south easterly direction to the nortl corner of Lot 94 of D.P. 20l2.thenc< south westerly direction to the norfi corner of Lot 7 D.P. 3029. thence ,soutl» easterly direction to thS.