Page 1 Advertisements Column 5

Shannon News, 9 July 1926, Page 1

SHANNON BOROUGH COUNCIL. PROPOSED SPECIAL LOAN OF £7OO. NOTICE- is hereby giv id that the Shannon Borough Council, for the purpose of enabling the said Council to undertake and carry cut alterations, extensions, additions and renovations to the Municipal Building's 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 aiinum, 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-lOtli 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 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 6f the work. Dated at Shannon this 16th day of June, 1926. JOHN T. BQVIS, Town Clerk. NOTICE OF POLL. REFERRING to the above advertisement 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, 1926, 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 16t.h day of June, 1926. > ' ' , EDWIN BUTT, Mayor. SH A N NON BOROUGH GO U NCIL. PROPOSED SPECIAL LOAN OF £IO,OOO. NOTICE is hereby given that the Shannon Borough Council for the purpose of enabling the said Council to- erect new Municipal Offices, Municipal Picture Theatre, purchase of Furnishings and Fittings, Social 'Hull, Library, Living Rooms, and 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 the. 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 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 Clerk. NOTICE OF POLL. REFERRING to the above advertisement I hereby give notice that a Poll of the Ratepayers of the Borough of Shannon will he taken on MONDAY, the 19th day of July, 1926, on the proposal of the Shannon Borough Council to borrow by way of special loan within the meaning of the Local Bodies Loans Act, 1913, and its amendments, a sum of £IO,OOO for the purposes above specified. Dated at Shannon this 16th day of June;* 1926. EDWIN BUTT, Mayor. SHANNON BOROUGH COUNCIL. RATEPAYERS’ MEETING, } A ' MEETING of ratepayers is callLcTL ed for TUESDAY NEXT, 13th JULY, at 7.30 p.m., in the Maoriland Theatre, when His Worship the Mayor and Councillors will place before them particulars of the proposed £7OO and £IO,OOO Loans. JOHN T. BOVIS, * Town Clerk.