GENERAL NOTICES

Manawatu Times, Volume 61, Issue 11, 14 January 1936, Page 12

GENERAL NOTICES

POHANGINA COUNTY COUNCIL,

MANGAPIKOPIKO REDEMPTION LOAN, 1935. TAMAKI REDEMPTION LOAN, 1935. AWAHOU REDEMPTION LOAN, 1935.

PUBLIC NOTICE is hereby given that at a Special Meeting of the Pohangina County Council held on the 14th day of December, 1935, the following resolutions were passed by way of Special Orders: — (a) That in pursuance and in exercise of the powers vested in it by The Local Bodies Loans Act, 1920, and of all other Acts and powers (if any) it in that behalf enabling (an Order-in-Council under The Local Government Loans Board Act, 1926, having been obtained) the Pohangina County Council hereby resolves by way of Special Order as follows:

(1) THAT the Council proceed to raise a loan of Three Hundred Pounds (£300) for tho purpose of redeeming the Pohangina County Mangapikopiko Riding Bridges Loan of £350, 1925. (2) THAT such loan be called "the Ponangina County Council Mangapikopiko Riding Redemption Loan of £3OO, 1935."

(3) THAT the said loan of £3OO with interest thereon at the rate of Three Pounds Ten Shillings (£3/10/-) per centum per annum be repayable uv iorty (40) hall-yearly instalments of Ten Pounds Niue Shillings and Ten Pence (£lO/9/10) each, comprising principal and interest.

(4) THAT the Said Special Loan be raised by tho issue of forty (40) debentures numbered 1 to 40 ox Ten Pounds Nine Shillings and Ten Pence (£lO/9/10) eacn, tho hrst debenture to Do payable on the 15th day of July, 193 b, and one .of such debentures to be payable on the 15th day of every January and July thereafter, the last debenture to fair due and to be paid on the 15th day of January, 1950. (5) THAT the Council shall make ana levy and shall appropriate anu pledge as security for tuo repayment of tne said debentures an annually recurring special rate, of One-fortieth of a Penny (,l/40d) in the pound on the rateable value (on the basis of the caprtal value) of the whole of the rateable property m the lUangapikopiko Riding ox the County of Pohangina. (0) THAT the said debentures shall be payable at tho Bank of New Zealand, Wellington.

(b) That m pursuance and in exercise of the powers vested in it by The Local Homes Loans Act, 1926, ana of all other Acts and powers (if any) it in that behalf enabling (an Order-in-Council under Tho Local Government Loans Hoard Act, 1926, having been obtained) tho Pohangina County Council hereby resolves uy way of Special Order as follows: — (1) THAT the Council proceed to raise a loan of Six Hundred and FiftyHounds (£650) for the purpose of redeeming the Pohaugina County Tarnak Riding Hridges Loan of £750, 1925. . (2; THAT such loan bo called the “Pohangina County Council Tamaki Redemption Loan, £650, 1955.” (3) THAT the said loan of £650 with interest thereon at the rate of Three Pounds Ten Shillings (£3/10/-) per centum per annum be repayable by forty (40) half-yearly instalments of Tw’enty-two Pounds Fourteen Shillings and Eight Pence (£22/14/8) each, comprising principal and interest. (4) THAT the Said Special Loan be raised by the issue of forty (40) debentures numbered 1 to 40 of Twenty-two Pounds Fourteen Shillings and Eight Penco (£22/14/8) each, the first debenture to be payablo on tho 15th day of July, 1936, and one of such debentures to be payable on tho 15th day of every January and July thereafter, the last debenture to fall due and to be paid on the 15th day of January-, 1956. (5) THAT tho Council shall make and levy and shall appropriate and pledge as security for the repayment of the said debentures an annually recurring special rate of Two-fifteenths of a Penny (2/15d) in the Pound on the rateable value (on the basis of the capital value) of tho whole of the rateable property in tho Tamaki Riding of the County of Pohangina. (6) THAT the said debentures shall be pay-able at tho Hank of New Zealand, Wellington. (7) THAT the cost of raising the loan be paid out of the loan. (c) That in pursuance and in exercise of tho powers vested in it by The Local Bodies Loans Act, 1926, and of all other Acts and powers (if any) i. in that behalf enabling (an Order-in-Council under The Local Government Loans Hoard Act, 1926, having oeen obtained) ithe Pohangina County Council hereby resolves by way of Special Order as follows: —

(1) THAT the Council proceed to raise a loan of One Thousand Tour Hundred and Fifty Pounds (£l-150) for tlio purpose of redeeming' the Pohangina County Awahou Bridges Special Hating Area Loan of #1650, 1925. (2) THAT such loan bo called the ‘ ‘Pohangina County Council Awahou Redemption Loan £llsO, 1935. ” (3) THAT the said loan of £1450 with interest thereon at the rate of Three Pounds Ten Shillings (£3/10/-) per centum per annum be repayable by forty (40) half-yearly instalments of Fifty Pounds Fourteen Shillings and Two Pence (£SO/14/2) each, comprising principal and interest. (4) THAT the Said Special Loan be raised by the issue of Forty (40) debentures numbered 1 to. 40 of Fifty Pounds Fourteen Shillings and Two Pence (£SO/14/2) each, the first debenture to be payable on the 15th day of July, 1936, and one of such debentures to be payable on the 15th day of every T January and July thereafter, the last debenture to fall due and to be paid on the 15th day of January, 1956. (5) THAT the Council shall make and levy and shall appropriate and pledge as security for the repayment the rateable value (on the basis of the capital value) of rateable property in the Awahou Hiding of the County of Pohangina. (6) THAT the said debentures shall of the said debentures an annually recurring special rate of• Seven-fortieths of a P.enny £7/406/ in, the Pound on

be payable at the Bank of Netv Zealand, Wellington. (7) THAT the cost of raising the loan be paid out of the loan. And Public Notice is hereby further given that the above resolutions wftl bo submitted to an ordinary meeting of the Council to be held at the office of the Council, Pohangina, on Saturday, the ISth day of January, 1936. A. E. ORGIAS, County Clerk. 24th December, 1935.