Page 25 Advertisements Column 2

Press, Volume CXI, Issue 32775, 27 November 1971, Page 25

PUBLIC NOTICES ' CHRISTCHURCH DRAINAGE BOARD > ' NOTICE IS HEREBY GIVEN that Ha Special Meeting of the Christ- ’ i church Drainage Board called for ’ that purpose and held at the ofjfice of the Board in the City of Christchurch on the 23rd day of November, 1971, the said Board DID RESOLVE: That in pursuance and exercise of the powers vested in it by the Christchurch District Drainage Act 1951, the Local Authorities Loans Act, 1956, and all amendments thereto and all other acts, if any, it in that beihalf enabling, and by virtue of I the sanction of the Local Auth- ‘ orites Loans Board granted at a meeting of that Board held on the 21st day of September, 1971, | the Christchurch Drainage Board !at a Special Meeting called for i that purpose and held at the] I office of the Board. 233 Cam-1 I bridge Terrace in the City of ■ ;Christchurch on the 23rd day, i of November 1971, DOTH resolve j Iby way of Special Order: 11. That the Christchurch Drainage Board proceed to raise aj loan of sixty five thousand; dollars ($65,000) for the purpose of meeting the cost of > piping open drains. 2. That such loan be known as] Drainage Loan No. 3, 1971; and hereinafter be called the said loan. 3. That the term for which the i said loan or any part thereof I may be borrowed shall be ' thirty five years. 4. That the rate of interest that may be paid in respect of the said loan or any part thereof I shall be such as shall not produce to the lender or lenders a rate or rates exceeding six I per cent per annum. 5. That the Christchurch Drainage Board shall, before raising the said loan, or any part thereof, make provision for the repayment thereof by establishing a sinking fund and shall make annual payments to such sinking fund at a rate of not less than 1.11 per cent per annum of the amount of the loan for the time being borrowed and not repaid. 6. That the payment of interest] and repayment of principal in j respect of the said loan shall I be made in New Zealand, and I no amount payable as either. interest or sinking fund m | respect of the said loan shall i be paid out of loan money. ] •7. That the following commission or fees may be paid in respect of the raising of the j said loan or any party there-, of: (a) Brokerage not exceeding] one-half per cent of the] amount raised, (b) Underwriting commission j i or fees not exceeding one-. half per cent of the amount' underwritten. I (c) A replacement fee not ex-; ceeding three-quarters peri cent in respect of a place- ] ment by a single lender of; $20,000 or more for a term of twenty years or more, provided that no placement fee shall be payable in respect of an underwritten issue or any part thereof. Except as aforesaid, no procuration fees or other fees or commission of a similar nature shall be paid and no discount shall be allowed to any lender in respect of the raising of the said loan or any part thereof. 8. That the security of the said loan to provide for the annual charges thereon be a special rate of $.000006501 in the dollar to be struck on the rate-1 able capital value of the! Board’s Land Drainage Area as] described by a resolution of the Board dated the twentysecond day of May, 1952, and as altered from time to time; by resolutions of the Board under Section 59 of the Christchurch District Drainage Act.i 1951NOTICE IS FURTHER GIVEN that the foregoing Resolution will be submitted to a meeting of the Board to be held at the office of the Board, 233 Cambridge Terrace, Christchurch, on Tuesdav. the 21st day of December. 1971, at 8 p.m. for confirm-! ation. I M. J. HORNE, Secretary. 3506 •LtCTRIC FOWtR BOARD | NOTICE TO CONSUMERS i The Board advises consumers that, weather permitting, it will be necessary to disconnect | power in the locality described below on Sunday. November 28, iso that staff may safely erect new high tension power lines, j Time: 1 p.m. to 4.30 p.m. ap- ' proximately. Area affected: Hay tons Road. ' Symes Road, Vickerys Road, Washbournes Road. As the Board will endeavour I to restore power as soon as possible, consumers should treat the lines as alive at all times. S. E. SLATTER, General Manager. GRAPHIC 152 ENGLAND STREET, Christchurch, Phone 894-085. MARILYNN WEBB— Lino Intaglio print STANLEY PALMER— Bamboo engravings. INTERESTED persons are invited to view this exhibition, which will be OPEN FRIDAY to SUNDAY, 2 P.M. to 5 P.M. The exhibition and gallery closes December 12, 1971.