Page 7 Advertisements Column 2

Timaru Herald, Volume XIC, Issue 13450, 23 November 1907, Page 7

NOTICES. TIMARU BOROUGH COUNCIL. SPECIAL ORDER. PUBLIC Notice ;ii hereby giv<;n, pui suant to the provisions of "111. Municipal Corporations Act. 1900," am its amendments,. that- the following aesolu tion passed by the Timaru Borough Ooun cil, at a- Special Meeting thereof, on tin 18tli day of NOVEMBER, 1907. will b submitted. to confirmation as a, Specia Order at a Special"' Meeting of the sail Council to be held at its Chambers, GeorgStreet, Timaru, at 7.30 p.m., on FR.' DAY, the 20th of December, 1907. RESOLUTION. , "In pursuance and . exercise ,of th powers vested in it, in. that belialf b; " The Public Health Act, 1900," and it. amendments, and "The Local Bodies Loan Acts, 1901,"' and its amendments, the Ti martt Borough Council hereby 'resolves a. follows : —- " THAT for the purpose of providing the interest, cinking fund', anc other charges on a loan of £SO, 000 authorised.-' to be raced' bj the Timaru Borough Council un der the above-mentioned Acts for the const-ruction of Borougi. Drainage and. Sewerage Works ii accordance with pla-nsl-and • parti, ciilars prepared by Mr Marchiint Member of the Institute., of Civi Engineers, and for .House am other building connections, am for, oilier purposes in ielatioi thereto the said . Timaru • Bor-ougl Council herebj r makers and levie-. a Special Rata of ; SEVEJ> PENCE & SEVEN TWELFTHS . of a Penny in th© Pound upoi the' Rateable Value of all Rateable Property in tlie said Borougi: of Timaru, and that .vucli . Special Rate shall be an annual recurring, rate during the curreny of suci Loan, and ba payable..' Bi'alf-yearJj-. on the "31sb day of "March, auu the 30th day of September iii -eacl •- and! every year during the cur reney of -such Loan, being a period of twenty-five years, piring on the ' 31st day, ol MAR.CH, 1933, or untiL the Loan' ' is fully paid off. THAT this '-Resolution be confirmee as a Special; Order at a meeting of the said Council,' -to be held at the Council Chambers at Timaru aforesaid, at- 7.30 o'clock, p.m., on the 20th dav of DECEMBER. 1907 THAT His Worship the . Mayor, the Town Clerk and . Treniurw, - anc ■each of them be authorised - -to take all- such -otJwav steps as may be necessary for .giving full effect to the foregoing." .- Dated at Timaru this IStli day of November, 1907. ii • D VIRIUE, I own Clerk. TIMARU BOROUGH COUNCIL. SPECIAL ORDER. PUBLIC, NOTICE is heieby given, pursuant" to • the provisions of - " Ihe Municipal Corporations Act. ,1900," and its amendments, that the following Resolution passed by-. the Timaru Borough Council, at- a Special' Meeting thereof, or 'the 18th' day of NOVEMBER, 1907, will be submitted-■ for confirmation as a Special Order at a. Special Meeting of tho said Council to be held at its Chambers, George Street, Timaru, at 7.30-p.m. on FRIDAY, the 20th dav of December, 1907. , .RESOLUTION: " That this Council having under "The Municipal . • Cot portions • Act, 1900," and its- Amendments,- ' The , Local' Bodies. Loans Act, 1901,\ and its Amendments;.'- • and-: undei... all other .statutory or, other pow;'-.. ers possceiied by . the. Council-ob-. tained the consent of the ra.epay--era of the Borough of Timaru ii> the raising of a Special Loan oi Fifty Thousand Pounds (£50,000; to have currency not exceeding fifty. (50) years from the issue, o* the debentures of ;the i eaid Loan, and to bear interest and sinking , fund together not exceeding jj ryt Pounds (£5) per centum per annum, jiuch loan to be for tile con- , struction of Borough- .Drainage; ' arid Sewerage Works for the saiu "; Borough in accordance - with, plans, and particulars .prepared by Mr Marcliant, Member of the Insti-, tuie of Civil fengmeers, and r or - house and other building connect tions. and for other purposes in relation thereto, and- the ,-saia Council having also obtained, the recommendation of the said -work ' by the District Health Officer foi Canterbury, and. the approval , thereof by the Honourable the Minister ior Public Health under: ihe provisions of Section..--66? of ' The Public Health Act, 1900,' • the said Council doth , hereby-un r ' cter, and in exercise of the aforesaid Acts: and .powers resolve :r----1." That five hundred' (500) debentures ■of One hundred (£100),' each having a currency twenty-five (25) years, 'expiring on the 31ofc day of MARCH, .1933, bearing interest at Four pounds five shillings per centunr per an'; num, payable half-yearly, on the 31«t .day of MARCH, and the , 30th of September- m each. year, until the loan is paid ojff, --and a sinking fund of; tan:.' shillings per centum- per ■ annum-' on the amount of -the 1 said loa,n-pay-able on the 31sb -day of MAIICfH in -each - year, the--first payment to bei made on tJie ,31st-day of [MARCH. 1908, be; authorised: arid printed. 2. That, a present : issue:-ol:--125 ,of such debentures be -made and be: sold as occasion requires: :■■■ 3. That pending the ;uale of-deben-tures the Council-borrow £12,50Q-, or such, lesser sumrj as may-be re? quired by way i)f ; .deposits - for-ti'. . fixed pen lod .at call: or .-subject tb : . notice to be arranged-, or bv , way ,of overdraft from,, the. Bank of N'-w Zealand, or ,by deposits and overdrafts. combined by the - hypothecation or mortgage of. d«bcri» lures. .. ' : - 4. Ihat tho jiiterest, to -be paid on (a) Fixed deposits r-:hall .not ex? ■ ceed •£4 per . centum-, per. an: num. - •> ■(b) Deposits (subjectto . notice sluill not exceed . £3-10s., centum per annum.. ~ X (c) On -deposits at call shall not exceed' £3 i>er centum . per annum. - - e• • (d) And on overdraft current rates. / 5. That the security for -the mtereisfc and linking fund.-of 4he>.said Loan be a Special: Rate- of: seven pence and seven twelfths ./of- a>penny, in " the pound on the annual value of all rateable property in the Borousrli. 6. That the Public Trustee of. the Dominion of New. Zealand be-the Commissioner of the said Siriking ■Fund,- and. that he shall, rftceiye invest, and • dispose of the v untib- all- ■ the - said ■■ aebentures shall bs • paid : off, so that: such sinking fund,' and; all accumulations •"'of income • therefrom less ..the ■ lawful charges of such 1 Commissioner