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Press, 12 February 1982, Page 14

Public Notices w'JI '' "j jail nTZM—WAIMAIRI COUNTY COUNCIL NOTICE OF IMPOUNDING AND OF PROPOSED SALE OF IMPOUNDED STOCK The Impounding Act 1955. Section 46 (2) , , " THE undermentioned stock ... having been seized' for im-7 pounding at the Groynes is impounded at the Waimairi County Pound, Belfast Road. Description of stock: 4 Perrindale cross lamb rams. -J/:-"' 5 Perrindale cross Cam.. hoggets. , Notice is hereby given that unless claimed by the owners and all charges paid, the stock will be sold by Public Acution under the provision of the Impounding Act 1955, at the Waimairi County Pound. Belfast Road, on Saturday February 20, 1982, at noon. Dated this 12th day ,af . February, 1982. • '* ' By order of the Waimairi County Council. J. REIDA County Clerk., ‘ AVON ROWING CLUB >6 ANNUAL GENERAL MEETING Wednesday, February 17 8 p.m. Club House Kerrs Reach. HURUNUI COUNTY COUNCIL RURAL WATER SUPPLY LOAN 1981 - $37,500 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, January 25, 1982, the following resolution was passed and will be submitted for confirmation as a Special Order.at an Ordinary Meeting of the Council to be held at the Council Chamtfers, Amberley, at 9.15 a.m. on Mon- , day, February 22, 1982. A ' RESOLUTION ' That in pursuance and exercise of the powers vested in it by the Local Government Act, 1974, the Local Authorities Loans Act 1956 and all amendments thereto and all other acts and powers enabling it in that behalf and by virtue of and in accordance with the conditions of the sanction of the Local Authorities Loans Board, granted at a meeting of the Board held on December 15. 1981, the Council resolves to proceed to raise in New Zealand a loan to be known as the Rural Water Supply Loan 1981 for the sum of Thirty seven thousand five hundred Dollars ($37,500) for the purpose of upgrading and improving the County rural water supplies and all costs incidental thereto, subject to the following conditions: 1 The maximum term for which tile said loan or any part thereof may be borrowed shall be 30 years, provided that: (a) Where the method of repayment is in accordance with clause 3 (a) hereof, the term shall be not less,.tlian 6 years; (b) 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, and shall be borrowed for 3 years and/or 4 years and/or 5 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 a rate exceeding the appropriate rate for the time being specified by the Local Authorities Loans Board and notified in the New Zealand Gazette, as if money borrowed pursuant to tills sanction were money to which such Gazette notice applies. 3 The said loan or any part thereof, together with interest thereon, shall be repaid by any of the following methods of repayment: (a) By equal aggregate annual or half-yearly instalments of principal and interest; (b) By estabiishng a sinking fund before raising the said loan or any issue relating thereto and by making annual payments to such sinking fund at a rate of not less than 0.67 per cent per annum where the actual term is for 6 andr 7 and/or 8 years or 0.81 per cent per annum for all other terms of the amount of the loan or of that issue, as the case may be (other than any part being repaid pursuant to sub paragraph (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 this loan was sanctioned 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 arrangement shall be entered into with any person to invest loan moneys or any part or parts thereof raised in accordance with the terms of this sanction whereby such investment would yield a rate of interest less than that which would be paid by the National Provident Fund on 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 or any part thereof as the Board may determine from time to time. 8 That the security for the said loan be a special rate of such amount each year upon the rateable value of all rateable property in the County of Hurunui as may in that year provide sufficient revenue for the payment of annual charges in respect of the loan plus 10 per cent thereof, which rate shall continue until the loan is paid off. NOTE It is not proposed to levy or collect the special rate but to meet the loan charges from consumption charges. 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 fbregoing resolution. Dated at Amberley this 26th day of January, 1982. A. J. McKENDRY, County Clerk.