Page 2 Advertisements Column 3

Timaru Herald, Volume XIIC, Issue 13908, 20 May 1909, Page 2

borough of -timarf PROPOSAL TO RAISE SPECIAL LOANS. . TE horobv give notice that on the T / 19th clay "of May, m *>' lowing nronosals »w submitted h> tho Timaru Borough ■Council to th.i Ratepayers of tho Borough of lima i for raising tho .special Loans ot < amounts and for the purposes hoicin-al'tc-r appearing, viz.: PROPOSAL. (a) The particular purpose for which • the loan is required is tor erecting a TOWN HALL on Sections 1 ■> 3 Deposited Plan 1490 <.'": ;l pdrtio'n t-uercoi) '» the Borough of Timaru. . , (h) The sum proposed to lie >oirowed for sued purpose is i.;jU;H>, havino a currency not exceeding of) veiirs, and hearing interest and' sinkii.S i'"™! together not exceeding £5 10s Od P« eentuni «er annum or sucli greater or" lesser amount as may he required and may he allowed bv. law tor the purposes ot this loan and for otner purposes in relation thereto prescribed by '•The Municipal Corporations \c.i lOtiS" and "The Local Bodies Loans Act 1903," or either of them. . . (c) Tho proposed, security is a special rate of eight-tenths of a penny in' the pound sterling on the annual rateable value of al rateable' property in the said Ho-rouo-h and the provision tor repa vuient of the Loan is a Sinking Fund i>f tl per centum per aimum on the amount oi such. Loan or such greater or lessor amount «s may he allowed by (d) It is proposed-to pay ont of the Loan trie cost of raising same and th« interest on such Loan for the lirst year. And that the number of votes recorded respectivelyM'or and'against the proposal were' as tollows : \ otos. FOR the Prooosal ..- 199 ACAINST the Proposal ... 3,9 ■ Informal -° And we declare the said proposal to be LOSTPROPOSAL. (a) The particular purpose for which tho Loan is required is lor erecting . MUNICIPAL BUILDINGS on Sections 1, 2, and 3 Deposited Plan 1490 (or a portion thereof) - in the Borough of Timaru; (b) The sum proposed to be borrowed for such purpose is £4OOO, having a currency not exceeding 50 years, , and hearing interest and' sinking fund together not exceeding £» 10s Od per centum per annum or such grcat-er or lesser amount as maybe required and may be allowed by law for the purposes of'this loan and for other purposes inrelation thereto prescribed by "The Municipal Corporations Act 1908" and "The Local Bodies' Loans Act 1908," or either of them. (c) The proposed security is a special rate of seven-tenths of a penny in the pound sterling on the amount of the annual rateable - value of all rateable property in the said. Borough and the provision for repayment of the loan is a sinking fund- of £1 per centum per annnm on the amount of ■fetich loan or such greater or lesser amount as may he required by law. (d) It is proposed to pay out of the Loan the cost of raising same and the Interest on such Loan for the, hrst year. And that the number of votes recorded respectively for and against the proposal were as follows:

Votes. FOR the Proposal 255 AGAINST the Proposal ... 331 Informal ..' .22 And we declare the said proposal to be LOST. PROPOSAL. (a) The particular purpose for which the Loan is required is for the FORMATION AND IMPROVEMENT of certain BOROUGH STREETS. (h) The sum proposed to be borrowed for such purpose is £GOOO, having a currency not exceeding 50 years, and bearing interest and sinking fund together not exceeding £5 10s Od per centum per annum or such greater or lesser amount as may be required and may be allowed by law for the purposes of this loan and for other purposes i relation thereto prescribed by k "The Municipal Corporations Act 1908" and "The Local ■Bodies Loans Act 1908," or either of them. (c) The proposed security is a special Rate of onij penny in the pound sterling on the • amount of the annual rateable value of all rateable property in the said Borough and the provision for repayment of the Loan is a Sinking Fund of £1 per centum per annum on the amount thereof, or such greater or lesser amount as may be required and may be allowed by law. (d) It is proposed to pay out of the Loan the cost of raising same and the Interest on such Loan for the first year. And that the number of votes recorded respectively for and against the proposal were as follows: Votes. FOR the Proposal 358 AGAINST the Proposal ... 232 Informal 18 And we declare the said proposal to be CARRIED. PROPOSAL. (a) The particular purpose for which the Loan is required is for the purpose of increasing the storage caoacitv of the, BOROUGH WATERWORKS, constructing another Trunk Alain from the present Reservoir and the proposed Reservoir and other works for improving the said Waterworks in accordance with Mr Dobson's Plan' and Report and 1W extending Service Mains in the Borough and Suburbs. (b) The sum proposed to be borrowed for Mich purpose is £IB,OOO, having a currency not exceeding 50 years, and bearing interest and jinking fund together not exceeding £5 10s Od per centum per annum or such greater or lesser amount as may be required and may be allowed by law for the purposes of this loan and for other purposes in relation thereto prescribed by "The. Municipal Corporations Act 1908" and "The Locnl Bodies Loans Act 1908," or either of them. (c) The proposed security is a special rate of two pennies and four-