TRAMWAY SPECIAL LOAN.

Press, Volume LX, Issue 18238, 24 November 1924, Page 8

TRAMWAY SPECIAL LOAN.

RIGHTS OF RATEPAYER .l The loan of £12,000 wkiA {fc Christchurch Tramway Boari r to raise by special order, tia of which and the purposes ta money is to be devo!c>l wer* , in Thursday's issue c£ "'Tig is being raised uader tie of Section 0 of the jy"" way District Amendment - am* which empowers the Board '%|S order, and without taking described in Sections S ta JJ JBR. Local Bodies' Loans Aft, 1913 *fsueh loans as may be cover capital expenditure of JjLS consequent upon the uccessarr ment and improvement of tin BtaSEr 4 existing system.'' The aggregate amount ®f raised by special order in tit is limited to £20,000; and a® raised by special order is to plied to the construction et line (except for the single line into a double 8j»), the extension of any existing cept for the purpose of extras- W& terminal fare section. if ua4er to a length not exceeding fcae wjjSwpr The rights of tramway trittrnw® arc protected by the ■ section cited that, in additwa ftg vertisements in the jag- . ticulars of the proposed bn * be advertised by means of pwqZgtl thc board's cars for at lea*B JJJgf' before the day fixed for the of the resolution to raise t—y is further provided ••that Jin - presentation to the Board at prior to the time fixed tm jß'' firming of such resohitioa ef v signed by at least 1000 quiring the Board to i posed loan to the approval tf tffr-jjy-' payers, the Board shall | tho ratepayers before ther in raising sueh loan/* J , The posters giving particalsss {£& loan and referring to | rights in respect of a poil, ■ displayed in the Board"* present. '