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PUBLIC NOTICES CHRISTCHURCH CITY COUNCIL ELECTRICTY EXTENSION LOAN 1965, £500.000 IT IS HEREBY PUBLICLY NOT! TIED that the Christchurch City Council at a Special Meeting held in the City Council Cham bors, 194 Manchester street. Christchurch, on Monday. Sep tember 27. 1965. passed the fol lowing resolution: • THAT in pursuance and exercise of the powers vested in it by the Municipal Corpora tions Act. 1954. and the Local Authorities Loans Act, 1956. and all amendments thereto and all other Acts (if any) it In that behalf enabling the Christchurch City Council hereby resolves to proceed to raise in New Zealand a loan to be known as the “Electricity Extension Loan. 1965, of an amount of Five Hundred Thousand Pounds (£500.000) for the purpose of extending the distribution system and elec trical reticulation of the Council’s Electricity Undertaking subject to the following determinations: “(1) The term for which the said loan or any part thereof may be borrowed shall be ten years. “(2) The rate of interest that may be paid in respect of the said loan or any part thereof shall be such as shall not produce to the lender or lenders a rate or rates exceeding five and one-quarter per cent per annum. “(3) The said loan or any part thereof together with interest thereon shall be repaid by equal aggregate annual or half yearly instalments ex fending over the term as determined in Clause (1) hereof. “(4) The payment of all such instalments shall be made in New Zealand and no such instalment shall be paid out of loan money. “(5) The rate payable for brokerage In respect of the raising of the said loan or any part thereof shall not exceed one half per cent of any amount raised. “(6) No money shall be bor rowed after the expiration of three years from the date of the sanction of the Local Authorities Loans Board. “(7) That the security for the repayment of the said loan and the charges thereon shall be a special rate of Six Hundred and Fifty-one Two Thousand Five Hundredths of a Penny (651/2500d) in the pound (.001085) on the rateable value (on the basis of unimproved value) of all rateable property comprised with in the City of Christchurch.” Pursuant to the Local Author! ties Loans Act. 1956, IT IS HERE BY PUBLICLY NOTIFIED that the foregoing resolution will be sub mitted to a Special Meeting of the Christchurch City Council to be held in the City Council Chambers, situate as aforesaid at 5 p.m on Monday, Sth day of .November, 1965, for confirmation as a Special Order. IT IS HEREBY FURTHER PUB LICLY NOTIFIED that a poll of ratepayers is required to be taken If five per cent of the ratepayers of the City of Christ church so demand, by writing under their hands, delivered or sent by post to the under signed, before the date fixed for the confirmation of the resolu tion hereinbefore mentioned. C. S. BOWIE, Town Clerk. CHRISTCHURCH, October 7, 1965. 5385 Heathcote County Council CLEAN-UP DAY A Special Rubbish Collection will be made in the county on the following days: Cashmere Riding, October 30. 1965. Hillsborough and Valley Rid Ing, November 6. 1965. To enable residents to dispose of accumulated junk, no garden or household refuse will be accepted on these days Residents are asked to have rubbish at the kerbsdde by R a.m. on respective days and to assist in the loading of truck* W. R. SCRIMGEOUR, County Clerk. 7403 CANTERBURY Clerks’, Cashiersand Office Employees’ Union NOTICE OF SPECIAL MEETING to be held In the Union Office, 196 Cashel street, Christchurch, Wednesday, November 10, 1965. at 5 p.m. Business: N.Z. Clerical Assn., proposed amendment to Association Rule 32. E. C. Blacker, Secretary. 7649

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19651027.2.256.6

Bibliographic details

Press, Volume CIV, Issue 30892, 27 October 1965, Page 32

Word Count
626

Page 32 Advertisements Column 6 Press, Volume CIV, Issue 30892, 27 October 1965, Page 32

Page 32 Advertisements Column 6 Press, Volume CIV, Issue 30892, 27 October 1965, Page 32

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