BOROUGH COUNCIL AND A LOAN.
SUPREME COURT DECISION.
By Telegi-apli—Press Association. Auckland, February 25. Mr. Justice Cooper gave judgment i,n regard to tho Gisborno Borough Council proposal to borrow £50,000 from tho Auckland Patriotic Association. Tho borough "received authority from tlio ratepayers to raise a loan to be repaid in thirty 3;earsi _ The Auckland Patriotic Association is willing to lend that amount, but must be repaid in ten years. His Honour decided that the borough council had no power to negotiate for a loan to be repaid in less than thirty years.
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Dominion, Volume 9, Issue 2705, 26 February 1916, Page 14
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92BOROUGH COUNCIL AND A LOAN. Dominion, Volume 9, Issue 2705, 26 February 1916, Page 14
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