THE RATES ON A SPECIAL LOAN
LIABILITY OF 200 HOUSEHOLDERS. By Telegraph—Special Correspondent. NAPIER, July 1Before the Supreme Court to-day the Borough Council proceeded against C. McDougall for rates on the £134.250 loan for a section in that part of Napier South merged into the borough since the authorising of the loan was carried, but before the special order creating the rate was issued. The case was treated as a test case and affects over 200 property owners. In the loan proposals the security of the Whole borough was given, and the special order made the whole borough,, including the extension since effected, liable for the rates oil the loan for 36 years. For plaintiffs it was urged that the time for objection was when the special order was open to insjrection and as that was now past the special order could not be attacked. Mr Lusk for the defendant, claimed that only the original borough was liable as that portion only was pledged ns security. His Honor gave' judgment for plaintiffs, holding that the special order could not be attacked.
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Bibliographic details
Gisborne Times, Volume XXX, Issue 3564, 2 July 1912, Page 5
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181THE RATES ON A SPECIAL LOAN Gisborne Times, Volume XXX, Issue 3564, 2 July 1912, Page 5
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