Page 44 Advertisements Column 2

Press, 5 August 1988, Page 44

Public Notices w AKAROA COUNTY COUNCIL DUVAUCHELLE WATER AND SEWERAGE LOAN 1988 - $600,000 PUBLIC NOTICE Is hereby given that at a meeting of the Akaroa County Council held on Friday, July 29, 1988, the following resolution was passed and will be submitted for confirmation at the meeting of the Akaroa County Council to be held at 9.30 a.m. on Friday, August 26, 1988, In the Council Chambers, Duvauchelle. That in pursuance of the powers vested in It by the Local Authorities Loans Act 1956, and the local Government Act 1974 the Akaroa County Council hereby resolves by way of Special Order as follows: 1. That the Akaroa County Council proceed to raise a loan of $600,000 for the purpose of installing a water and sewerage system within the Duvauchelle Urban Drainage Area. 2. That such loan be known as the Duvauchelle Water and Sewerage Loan 1988. 3. The maximum term for which the said loan or any part thereof may be borrowed shall be 30 years. 4. Interest rates and maturity dates shall be determined by the County Clerk according to authority delegated by Council. 5. The 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 annual payments to a sinking fund In respect of this loan or any Issue thereof at a rate of not less than 9.46 per cent per annum of the amount for the time being borrowed and not repaid (other than any part being repaid pursuant to subparagraph (a) of this Clause). 6. The Council hereby appropriates and pledges as security for the repayment of the loan and the charges thereon an annual recurring special rate of .001103 cents In the dollar on the capital value of all rateable properties In the Rural Ridings of the Akaroa County. 7. No Interest, Instalment of principal and Interest or payment to a sinking fund shall be paid outside New Zealand or out of loan money except as provided in Section 33 (1) of the Local Authorities Loans Act 1956. 8. Commission or fees may be paid in respect of the raising of the said loan or any part thereof as the Local Authorities Loans Board may determine from time to time. 9. Such other determinations of the Local Authorities Loans Board as are applicable. A poll of electors is required to be taken if not less than fifteen per cent (15 per cent) of the electors of the Akaroa County Council so demand in writing under their hands, delivered or sent by post to the Akaroa County Council and received at the Akaroa County Council office (P.O. Box 10), Duvauchelle, not later than 4 p.m. on Thursday, August 25, 1988. Where a demand for a poll of electors is made every person who signs the demand shall state against the signature the person’s name and address with sufficient particulars to enable the person to be identified as an elector. L. W. M. GRAHAM County Clerk