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Press, 16 June 1979, Page 24

( Public Notices HURUNUICOUNTY COUNCIL RURAL HOUSING LOAN 1979. $125,000 NOTICE OF PROPOSED SPECIAL ORDER NOTICE is hereby given that at an Ordinary Meeting of the Hurunui County Council held at the Council Chambers, Amberley, on Monday. Max 28. 1979. the following resolution was passed and will be submitted for von firmation as a Special Order at an Ordinary Meeting of the Council to be held at the .'Council Chambers. Amberley. |at 9.15 a.m on Monday, June 25, 1979. RESOLUTION That in pursuance and e\ i ercise of the powers vested in it by the Local Goxern- ; ment Amendment Act (No. 3.-. 1977. the Local Authorities I Loans Act, 1956. the Rural j Housing Act. 1939. and all i amendments thereto, and all other acts and powers en abling it in that behalf and by virtue of and in accord a nee with the conditions of the sanction of the Local Authorities Loans Board, granted al a meeting of the Board held on May 8, 1979, the Council resolves to proceed io raise in New Zea- ! land a loan to be known as the Rural Housing Loan. 1979. for the sum of One Hundred and Twenty-Five Thousands Dollars ($125,000) for tile put pose of making advances to fanners in terms of the Rural Housing Act. 1939. sub ject to the following determinations: 1. The term for which the said loan or any part thereof may be borrowed shall not exceed 30 years. 2. The rate of interest that may be paid in respect of the said loan or so much thereof as is for the time being raised and not repaid. shall be eight point five per cent per annum payable half-yearly the first such payment to be made not later than six months after the date of the payment of the first instalment of the loan by the Corporation to the said Council, such interest to be computed on the daily debtor balances in the accounts of the Corporation. 3. The Council shall pay to the Corporation each halfyear in reduction of the principal moneys advanced by the Corporation to the Council an amount equal to the sum of all the amounts of principal which are expressed to be payable to the Council during that half-year under the agreements enteied into by the said Council with the various farmers to whom the said Council has advanced any of the loan moneys, together with any additional principal which may be paid by such farmers*. 4. No amount payable by the Council in respect of principal or interest owing to the Corporation shall be paid out of loan moneys. 5. No amount shall be payable for brokerage, underwriting or placement fees in respect of the raising of the said loan or any part thereof. 6. Such other conditions that may be stipulated by the Mortgage Loans Committee of the Housing Corporation of New Zealand. It is hereby publicly notified that a poll of ratepayers is required to be taken if 15 per cent of the ratepayers of the County of Hurunui so demand by writing under their hands delivered or sent by post to the undersigned not later than 9 a.m. on the date fixed for the confirmation of the foregoing resolution. NOTE: The repayment of the above loan is not intended to be a charge on County rates, but will be secured by the first mortgage over the properties on which advances are made. Dated at Amberlev this Ist da,’ of June, 1979. A. J. McKENDRY, County Clerk. JUNE MEETING OF THE CHRISTCHURCH CITY . COUNCIL 'THE next Ordinary Meeting of the Christchurch Citv Council will be held in the City Council Chambers, 194 Manchester Street, at 7.30 p.m. on Monday, June 11;, 1979. Any interested citizens are cordially invited to be present. J. H. GRAY. General Manager and Town Clerk. SOUTH CHRISTCHURCH SUB-BRANCH THE Annual General Meeting of the above Suburban Branch will be held in the R.S.A. Hall, corner of Tennyson and Percival Sts, on Sunday, June 24, 1979, at 10.30 a.m. ORDER OF BUSINESS: —• Apologies. — Confirmation of the MinP rev * ous —• Correspondence. — President’s Report. — Treasurer's Report — Election of Officers. — General Business. All Returned Service Personnel are invited to attend. (Signed) H. F. COOK, Hon. Sec./Treas. 523 WARNING WARNING CYANIDE POISON will be laid L. K. Muirson’s property, Fisherman’s Baj. for one month from 18 June. B. J. Binnie, 32 Grahams Street, Ashburton. Approved Operator. FARM AND ENJOY YOLR SMALL HOLDING THIS course begins on Wednesday, June 20. at 7.30 p.m. in the Community Room. Rangiora High School, East Belt. NOT IN THE BOROUGH SCHOOL ML SIC ROOM The first lecture will be on Animal Husbandry. Lecturer; Gerry Stone, B.V.Sc. Other lectures on Nuts and Berries. Poultry, Beekeeping, Fruit and Shelter Trees, and Organic Farming will follow weekly. FEE: $1 per session EVERYBODY WELCOME