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SHANNON BOROUGH COUNCIL. PROPOSED .SPECIAL LOAN OF £7OO. 11 Shannon Borough Council, for the purpose of enabling the said Council to undertake and carry' out alterations, extensions, additions and renovations to the Municipal Buildings and to erect a Ladies' Rest. Room, propose to raise a special loan of £7OO ait a rate of interest not exceeding six per cent, per annum, and a sinking fund of one per centum. And for the purpose of providing for the repayment of the loan and for the repayment of Interest charges thereon to appropriate and pledge as security, a special rate not exceeding 1-lOth of a penny in. the pound on the rateable value 1 of all rateable property in the Borough of Shannon, comprising the whole of the said Borough on the basis of the capital value, such rate to .be an annually recurring rate during the currency of the loan. and to Be made and levied by 'resolution of the Council to be passed after' the said special loan has been agreed to by the ratepayers.

The whole of 'the loan, is to be repaid at the expiry of ten years from the date, of raising the same. It is proposed to pay out of the Loan money the cost of raising the loan and the interest and- sinking fund for the first year during the construction of the work. Dated at Shannon this 16th day of June, 1926. JOHN T. BOVIS, •Town Clark. NOTICE OF POLL. REFERRING to the above adverlX tisement I hereby give, notice that a Poll of the Ratepayers of the Borough of Shannon will be taken on MONDAY, the 19th day of July, H>26, on the proposal of the Shannon Borough Council to borrow by way of Special Loan, within the meaning of the Local Bodies Loan Act, 1913, and its amendments a sum of £7OO for the purposes above specified. Dated at Shannon this 16th day of June, 1926. EDWIN BUTT, Mayor.

SHANNON BOROUGH COUNCIL. PROPOSED' SPECIAL LOAN OF £IO,OOO. pOTICE is hereby given that the I Shannon Borough Council for the purpose ol enabling the said Council to erect new Municipal Offices, Municipal Picture Theatre, purchase of Furnishings and Fittings, Social Hall Library, Living Rooms, ai:d Ladies' Rest Room, propose to raise a special Loan of £IO,OOO at a rate of Interest not exceeding six per cent, per annum, and a sinking fund of one per centum. * And for the purpose of providing for Hh© repayment of the loan and for the repayment of Interest charges thereon .to appropriate and pledge as security a special rate not exceeding 15-16th of a penny in the pound on the rateable value of all rateable property in the Borough of Shannon, comprising the whole of the said Borough on the basis of the capital value, such rate to be an annually recurring rate during the currency of the loan and to be made and levied bv resolution of the Council, to be passed after the said special loan has ibeen agreed to by the ratepayers. The- whole of the loan is to be re--1 paid at the expiry of ten years from the date' of raising the same. It is proposed to pay out of the I oan money the cost of raising the loan and the interest and sinking fund lor the first year during the construction of the work. Dated at Shannon this 16th day of Jui tc, 1926. john t bovis Town Clerk.

TTICE OF POLL. EFERRING h { notice t i mt ment Iru•, • f f the Bor . a Poll of the Ra. «*£> be tak€n on ough of Shannon f T ly 1926 . MONDAY, the 19th Boron the proposal of tfc- _ . of ough Council to special loan within the . • .^ i Vi j the Local Bodies.. Loans An •<- ' OQ ' O for its amendments, a sum of ■ V ' the purposes above specified. *. av of Dated at Shannon this 16th ** - June, 1926. m ' EDWIN 1 BUTT, May or.

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Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/SNEWS19260625.2.2.5

Bibliographic details
Ngā taipitopito pukapuka

Shannon News, 25 June 1926, Page 1

Word count
Tapeke kupu
698

Page 1 Advertisements Column 5 Shannon News, 25 June 1926, Page 1

Page 1 Advertisements Column 5 Shannon News, 25 June 1926, Page 1

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