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Press, 6 September 1989, Page 51

Public Notices w CHRISTCHURCH CITY COUNCIL ELECTRICITY DEVELOPMENT LOAN 1989 - $2,000,000 PUBLIC NOTICE is hereby given that the Christchurch City Council, at an Ordinary Meeting held In the Civic Offices, 163 Tuam Street, Christchurch, on Monday the 21st day of August 1989, passed the following resolution: (a) "That in pursuance and exercise of the powers vested in it by the Local Government Act 1974, and the Local Authorities Loans Act 1956 and all amendments thereto, and all other Acts in that behalf enabling, the Christchurch City Council hereby reesolves, by way of Special Order, to proceed to raise in New Zealand a loan to be known as the Electricity Development Loan 1989 — $2,000,000, subject to the following determinations: (1) The purpose of the said loan is for the provision of electricity capital works. (2) The amount of loan is $2,000,000. (3) The maximum term for which the said loan or any part thereof may be borrowed shall be 20 years. (4) Interest rates and maturity dates shall be determined by the Acting General Manager and the Deputy City Treasurer accorrding 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 halfyearly 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 1.17 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 (6) The Council hereby appropriates and pledges a special annual recurring rate of .007095 cents in the dollar on the capital value of all rateable property in the City of Christchurch. (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.” IT IS HEREBY FURTHER PUBLICILY NOTIFIED that the foregoing resolution will be submitted to an Ordinary Meeting of the Council to be held in the Civic Offices, situate as aforesaid, at 6.00 p.m. on Monday the 18th day of September 1989, for confirmation as a Special Order. A full copy of the resolution is held at the offices of the Acting General Manager, Civic Offices, and is now open to the inspection of the public, without fee, during office hours from 8.30 a.m. to 4.30 p.m. Monday to Friday. A poll of electors is required to be taken, if not less than fifteen per cent of the electors of the City of Christchurch so demand in writing under their hands, delivered or sent by post to the Christchurch City Council and received at the offices of the Council, 163 Tuam Street, Christchurch 1 (P.O. Box 237) not later than 9.00 a.m. on Monday, September 18, 1989. R. A. LINEHAM Acting General Manager H. J. THOMPSON ENGINEERING having carried out work on 246 rolla fences, the property of Mobile Fencing Systems, Limited to a total value of $59,683.80 gives notice that those chattels will be sold by auction by Brian’s Auction Rooms, Limited as Auctioneer, on Thursday, the 14th day of September, 1989, commencing at 12 o’clock on the premises of H. J. Thompson Engineering situated at Ranfurly Street, Kaiapoi. H. J. THOMPSON by its Solicitors and duly authorised