WELLINGTON CITY COUNCIL. PROPOSED SPECIAL LOAN. In the mattei of the Municipal Corpoiations Act, 1900. THE Council of the City oi Wellington heieby gives public notice that such Council pioposes to borrow (bv way of Special Loan within the meaning of the Municipal Corpoiations Act, 1900) the sum of Forty-two Thousand Seven Hundred and Fifty Pounds, to be expended on the Constiuction of a new Storage Reseivon at the Watei works at Wainui-o-mata, and in the Construction of a Main between such dam, and the pipe leading out of the present dam, and in the Constiuction of a Second or Alternative Main between the well at Wainui-o-mata and the Post Office there. This latter main is to be provided for the purpose of avoiding the present risk to the City Supply by reason of two river crossings The Council proposes to pledge a Special Rate of seven thirty-seconds of a penny in the pound (on the basis of the Unimproved Value) on all ratable pioperty within the City of Wellington as security for the said Loan of Forty-two Thonsand Seven Hundied and Fifty Pounds and the Interest and Sink ing Fund thereon. It is proposed that the whole amount of the Loan shall be repayable at the expiration of a term of thirty years computed fiom the first day of October, XJUa* Dated this 23id day of June, 1902. J. E. PAGE, Town Clerk NOTE.— The above notice will be published in each week for tour successive weeks, and a meeting of the Electors will in due couise be convened for a day not more than ten days after the last publication, to consider the above proposal.
WELLINGTON CITY COUNCIL. PROPOSED SPECIAL LOAN. In the mattei of the Municipal Coiporations Act, 1900. »TIHE Council of the City of Wellington _L hereby gives public notice that such Council proposes to borrow (by way of Special Loan within the meaning of the Municipal Corporations Act, 1900), the sum of Forty Thousand Two Hundred and Fifty Pounds, to be expended in the purchase of the land forming the catchment area of the Karori Water Supply, and in the alteration, improvement, and extension of the reticulation of water mains within the City of Wellington. The Council pioposes to pledge a Special Rate of seven thiity-seconds of a penny in the pound (on the basis of the Unimproved Value) on all rateable property within the City of Wellington as security for the said Loan of Forty Thousand Two Hundred and Fifty Pounds and the Interest and Sinking Fund theieon. It is proposed that the whole amount shall be repayable at the expiration of a term of thiity years computed from first day ot Octobei, 1902. 0 -*gg Dated this 23rd day of June, 1902. J. E. PAGE, Town Clerk NOTE.— The above notice will be published in each week foi four successive weeks, and a meeting of the Electors will in due couise be convened foi a day not more than ten days aftei the last publication, to consider the above proposal.
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Bibliographic details
Free Lance, Volume III, Issue 107, 19 July 1902, Page 4
Word Count
507Page 4 Advertisements Column 2 Free Lance, Volume III, Issue 107, 19 July 1902, Page 4
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