Page 24 Advertisements Column 11

Press, 6 March 1978, Page 24

I Public Notices HURUNUI COUNTY COUNCIL (GRETA VALLEY I OWNSHIP SEWERAGE LOAN 1978 NOTICE OF PROPOSED SPECIAL ORDER NOTICE is hereby given t: at 1 at an Ordinary Meeting of tiie Huiunu! County Council liei.l at the Amberley U.S.A. Hail. Amberley, on Monday . Febru[ary 27. 19'8. the following resolution was passed and will be submitted for confirmation as a Special Order at an Ordinary Meeting of the a. Council to be held on Mor. day April 24. 1978. at’ 9.15 a.m. at the Amberley RS A. Hall. Amberley. RESOLUTION THAT in pursuance and exercise of the powers vested in it by the Counties Act. 1956. the Local Authorities Loans [Act 1956. and all amendments thereto and all other acts and powers enabling t in that behalf and by virtue ' [of and in accordance with | the conditions of tire sanction of the Local Author iti>-.< Loans Board held on January 711, 1978. the council resolves |to proceed to raise in New (Zealand a loan to be known as the GRETA VALLES I TOWNSHIP -SEWERAGE ■ I,uAN 1978 for the sum of Thirty-five thousand dolla.($35.(100) for the purpose of constructing a sewerage reTiculation system. and all costs Incidental thereto, tor Ithe Greta Valley Township.subject to the following de- - terminations: — (1) The maximum term for I which '.lie said loan or any part thereof may be | borrowed shall be 30 years, provided that: I ta) Where the method of repayment is in accordance with clause 3 <a) hereof, the minimum term shall be not less than 6 years | dxi Where the method of repayment is in accordance with clause 3 (b) hereof, any amounts borrowed for less than 6 years shall not exceed 40 per cent of the issue, arid shall be borrowed for I 3 years and/or 4 tears and/or 5 years. (2) The rate of interest that I may be paid in respect of the said loan or any part thereof shall be such as shall not produce to the I lender a rate exceeding the appropriate rate lot tiie time being specified by the Local Autnoritl<*s Loans Board and notified in the New Zealand Gaz- ; et te. as if money borrow I ed pursuant to this sane- ■ tion were money to which such Gazette notice >PI piles. 1(3) The said loan Or any part thereof, together - tth in- . terest thereon, snail be repaid by any of the foli lowing methods of repay J ment: tai By equal aggregate annual or half-yearly in stalments of principal and interest; I (bi Bv establishing a sinking fund before raising the said loan oi- any issue relating thereto and by mak ing annual payments to such sinking fund at a rate of not less than 1.16 per cent: per annum of the amount of the loan or of that issue, as the case may j be (Other than .ny part being repaid pur- • suant tn stib-para graph (a) of this clause) for the time being borrowed and not repaid. (4) No interest, instalment of principal and interest or ' payment to a sinking fund shall be paid outside New Zealand or out of loan money. (5) No agreement or arrangement shall be entered into with any person in respect of carrying out any part of the work for which j this loan was sanctioned t whereby that person is to subscribe to the loan or ; receive any debentures or ; stock in satisfaction of all or part of the price for the carrying out of such work. • (6) No agreement or arrange- ■ ment shall be entered ln- • to with any person to hi • vest loan monies or any part or parts thereof ■ raised in accordance with the terms of this sanction i whereby such investment would yield a rate of In ‘I terest less than that which would be paid by the Nat >| ions! Provident Fund on t deposits with the Local Authorities Investment Pool from time to time. ’ (7) Commission or fees may be paid in respect of the raising of the said loan oi anv part thereof as the I board may determine > from to time. | (8) This sanction is subject to the General Determin | ation published in the [ New Zealand Gazette. July 27. 1977. No. 81 page : 2095, in that money to be borrowed under this sane tion is deemed to be money to which that De ) termination applies. J (9) That there b« further con--1 saltation with the District • Commissioner of Work: and the Medical Officer of Health before entering ' into anv commitment. ’ (10) That the security for the , said loan shall be a Special Rate of such amount ; each tear upon the rateable value of all property in ths County of Huiunu. 1 J as may in that year pro- ~ vide sufficient revenue for - the payment of annua! [*i charges in respect of the “: loan plus K) per cent I thereof, which rate shall v | continue until the loan is s | paid off II NOTE—Under Section 40 Of e the Local Authorities Loans rjAct. 1956. where no part of '- this loan is raised within 3 i- vears after the date of saneejtion. the authority shall rllapse at the expiration of that d I period and no proceeding' n[shall thereafter be taken for* d[ raising the loan. Where part onlv of the loan lis raised within a period of 13 years from the date of [sanction the authority to raise the balance of the loan C-Shall alpse at the expiration fiof 10 years from the date of > sanction. No extension beyond ;.‘[lo vears is possible. I_l It is hereby publicly notified I that a poll of ratepayers is I required to be taken if 15 , per cent of the ratepayers of ■J the County of Hurunui so [.[demand by writing under n their hands delivered or sent n lhy post to the undersigned r before the date fixed for the confi:mation of tiie foreg< :7 ing resolution. f| Dated at Amberlev this 6th rl [ dav of March 1978. r! A. J. McKENDRY. 11 County Clerk. ! f '_ 2L> 4 d| s ; MOTOR VEHICLE DEALERS d REGULATIONS. 1976. d AMENDMENT NO. 2 Fl e Application for Removal of I-’ Motor Vehicle Dealer’s r Licence to Different >i Premises In the Matfistrate’s Court at CHBISTCHURCH 5 PURSUANT to Section 18A - ■ (21 of the Motor Vehicle Dealers’ Act, 1975. Danny Arthur O’Malley of 41 Lei cester Crescent, Christchurch I herebv applies for permission to remove motor vehicle dealer’s licence from 7 Dickens . Street. Christchurch, to 249 251 Colombo Street Christchurch. And the application v.-il] be heard by the above Court after one month from the 27th day of February, 1197 ft. beinz the date of the This is the second publication of this notice. D. O MALLEY. 3197