Page 27 Advertisements Column 8

Press, 29 September 1979, Page 27

• Public Notices ' ST THOMAS’S COLLEGE I I OLD BOVS' ASSOCIATION (THERE will be a meeting of a all old bo\* at the College (on Sunday. October 7. at’ l ;7.30 p m. r i R 4 \ GIO R A BORO UG H 1 COUNCIL NOTICE OF SPECIAL ORDER f RANGIORA BOROUGH COUNCIL RAN GIORA DISTRICT WALER SLPPIA SCHEME | I.OAN 1979 $164,000 NOTICE is he eby given that at’ a Special Meeting of the Rangiora Borough Council i held on Tuesday, the 4th of i September, 1979. the follow-/ ing resolution was passed and. .- 'it will be sbumitted for con- I firmation at a Special Meet-/ ing of the Council to be held on Tuesday, October 9. 1979, at 7.30 p.m., in the Council!! Chambers. High Street. Rangi ora. RESOLUTION ■ |A. That in pursuance and exercise of the powers t vested in it. in that behalf, by the Municipal Corpora- J tions Act 1954, the Local Authorities Loans Act 1956,| their respective amend- ] ments and regulations, and| uf al] other powers thereunto enabling it, the Rangiora Borough Council, doth hereb\ by Special h Order resolve to borrow ( the sum of One Hundred'. and Six Four Thousand' i ■ Dollars ($164,000) by a.i Loan, to be known a.s Ra ; ngiora District Water l i j Supply Scheme Loan 1979 «. •| for the purpose of imple-,1 men ting Stage 2A of the | new Rangiora District ' Water Supply Scheme: sub-i( jeut to the following deter- i J mi nations: i ‘ The maximum term tor -J i which the said loan or any part thereof may be,' II borrowed shall' be 30 4 ‘ears, provided that: ; V-Where the method of J repayment is tn ac-i, cordance with clauseii 3(a) hereof, the mini ; J mum term shall be J not less than 6 years; t 1 ?> Where the method of;* i repayment is in ac- ‘ , cordance with clause , 3(b) hereof, any ' amounts borrowed tor less than 6 years shall! not exceed 40 per cent ■ c of the issue, and shall ic be borrowed for 3;2 years and/or 4 years and/or 5 years. Ihe 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 a rate ex-j i • -ceding the appropriate ■ rate for the time being pecified by the Local!}. Vithorities Loans Board f and notified in the New' v Zealand Gazette, as if. { money borrowed pur-: * -uanf to this i were money to which.' a ■?uch Gazette notice applies. ] i The said loan or any C part thereof, together j vith interest thereon, j hall be repaid by any < f the following methods ( repayments: i ]By equal aggregate,! annual or half-yearly ; ( instalments of princi-.: pa] and interest; i By establishing a; c sinking fund before I raising Hie said lean ' or anv issue ‘•hereto and by mak- j ng annuli payments j. o such sinking fund {5 <t s rate of not less \ hfin 0.97 per cent per j j .nnutn of the amount •f the loan or of that c ssue, as the ease,\ r.ay be (other thanij <nv part being repaid |( pursuant to sub-para- iS! graph (a) of this' ‘‘ clause), for the time 1 being borrowed and. not repaid. ,0 interest, instalment!;; jf principal and interest k r payment to a sinking./ ,’und shall be paid out- j •ide New Zealand or out// )f loan money. Ko agreement or ar-', rangement shall be en-l c tered into with any per-, { -•on in respect of carry-11 ing out any part of the \ work for which this loan I i was sanctioned whereby t *liat person is to sub- v ■scribe to the loan or re- ‘ 1 I -.eive any debenture or 1 ;t.ock in satisfaction ofk I dl or part of the price | • Cor the carrying out of | ’ such work. j. l No agreement or | \ a’rangement shall be!l 'ntered into with any't person to invest loan’i ponies, or anv part or.' •arts thereof raised tnje iccordance with the < terms of this sanction ' \ hereby such invest- 1 uent would yield a rate ] •>f interest less than that/ vhich would be paid by f he National Provident J und on deposits with ■ 1 1 he Local Authorities ! J nvestment Poo] from | 'ime to time. Commission or fees may ' Qe paid in respect of the. i ’ •aising of the said loan ;; or any part thereof as 1 1 L he Board may determine from time to time. ( lat plans and specifiea- •' oils for the scheme be 1 übmitted to the District I 'ommlssioner of Works/ or his genera] acceptance i i ; jefore construction is; ommenced. I Vhat details of well head : j jrofeetion and the quality ( \ -f the proposed sources; •e approved by the Medi- ] ! al Office! of Health,;] 'hristchurvh, before deelopment of the scheme. ; ND THAT the Rangiora J •orough Council hereby/ ppropriates and pledges ( .s security fci the said . .oan of One Hundred and ■ •' iixty Four Thousand Dol;»rs ($164,600) and interest ( > <nd other charges thereon, i 1 special rate of decimal taught eight seven four ! , -ight one four cents in > he dollar on lhe rateable I alue <on the basis of the , aiimproved value; on all 1 ateable property within he Borough of Rangiora • \ND THAT puisuant to ;he Local Authorities! Loans Act 1956 ii is hereby publicly notified that the, above-mentioned Resolu- 1 tion will be submitted for 1 confirmation to a Special Meeting of the Council, tn 1 be held for that purpose, i on Tuesday. October 9. 1979. at 7.30 p.m., in the f Council Chambers. High 1 Street, Rangiora. / “Attention is drawn to Sec R tion 34 of the Local Authori- ’ ties Loans Act 1956. which . provides that not Less than fifteen pe* cent of the rate- *! payers whose, names are inscribed on the ratepayers roll ’ of the Borough may by v rit- ; 3 'ing under their hands, deliv-i • ered or sent by post to the l Council and received at the ' Council Offices not later than 3 9 a.m. nn the afore-mention-ed date fixed for t v e c-enfir- ’ • mation of the resolution, to 3 raise tris loan, demand that’ a noli be taken on rhe pro- ® posal.’’ Dated th’* *th day of Sep.* tejnber, 1979 1 AX RAPLEY, Tawa Clerk. I