CORPORATION LOANS
Ratepayers Given No Say When representatives of the Wellington Ratepayers’ Association met the Civic Commission recently, the question of the ratepayers’ sanction for City Corporation loans was raised. The commissioners stated in their report that Mr. Sievwright represented that the council had been able to increase the indebtedness of the city without loan proposals being submitted to ratepayers, and that certain empowering legislation had been obtained giving the council power to raise money by special order loans without taking the steps prescribed by the Local Bodies’ Loans Act, 1913. Acting on these powers, the council had increased the debt of the city without the sanction of the ratepayers. He stated also that the council, by special legislation, had contracted itself out of the provisions of the Public Works Act and the Municipal Corporations Act, and had obtained special legislation relating to the lapse of authority for loans. The council had certain special statutory powers, but it appeared to have adopted constitutional procedure in obtaining these powers.
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Bibliographic details
Dominion, Volume 25, Issue 167, 11 April 1932, Page 7
Word Count
168CORPORATION LOANS Dominion, Volume 25, Issue 167, 11 April 1932, Page 7
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