PUBLIC NOTICES. SPECIAL ORDER. 7WOTICE is hereby given that at a Special Meeting of the Greymouth Borough Council, Held on Thursday, the Bth day of J une, 1922, the following resolution was passed, and will be submitted for confirmation at a Special Meeting of the said Council to be held on SATURDAY, the Bth day of July, 1922, at 11.45 a.m., at the Council Chambers, Mackay Street, Greymouth: “WHEREAS the sum owing by the “Greymonth Borough Council on “the 31st day of March, 1922, on “overdraft at its bankers, viz., “The National Bank of New Zea“land, at Greymonth, was £9553 “9s' 6d, AND WHEREAS the sum “owing by the Greymouth Borough “Council on the 31st day of March, “1922, to persons from whom it “had received moneys on deposit “was £1550, AND WHEREAS the “aggregate of the two said sums, . “viz-, the sum of £11,103 9s 5d “represents the ‘antecedent' liability’ c-f the Greymouth Borough “Council, as defined by Section 5 “of ‘The Local Bodies’ Finance Act, “1921-22,’ AND WHEREAS the “Greymouth" Borough Council pio‘‘poses to extinguish the said ' “ ‘antecedent liability’ in accord“aiice with the provisions of -, li?e “Local Bodies Finance Act, 1921-22’ “by (a) paying the sum of £lO3/ “9s 6d cut of its revenue, and (b) “borrowing the sum of £ll,OOO. “NOW THEREFORE the Grey‘'mouth Borough Council, m exer“cise of the powers vested in it by “ ‘The Local Bodies’ Loans Act, “1913,’ and ‘The Local Bodies' “Finance Act, 1921-22,’ hereby receives by way of special order . — “FIRST to borrow the said sum of “£ll,OOO for the purpose of ex“tirguishing of such antecedent liability. “SECOND; that the said sum of “£ll,OOO shall be repayable on the “Ist day of August, 1937“TIHRD, that for the purpose of “providing interest, sinking fund “aid other charges on the said “loan of £ll,OOO, the said Council “hereby makes and levies a special “rate i-f four-fifths of a penny in “the pound on the rateable value “(on the basis of the mnimprovjfd “value) of all rateable property in “tin Borough of Greymonth, and “that such special rate shall be an “annual recurring rate during the ■"•“currency of the loan, and be pay“able yearly on the Ist day of “April in each year during the “currenev of the loan, being a ‘ period of fifteen years, or until “the lean is fully paid off.” Dated this Bth dav of June, 1922. F.H. DENTON, Town Clerk-
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Greymouth Evening Star, 17 June 1922, Page 2
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724Page 2 Advertisements Column 1 Greymouth Evening Star, 17 June 1922, Page 2
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