Page 2 Advertisements Column 2

Stratford Evening Post, Volume XXX, Issue 96, 25 July 1916, Page 2

STRATFORD BOROUGH COUNCIL. IN THE MATTER OF “THE MUNICIPAL CORPORATIONS ACT, 1908” AND THE AMENDMENTS THEREOF, AND OF “THE LOCAL BODIES’ LOANS ACT, 1913.” PROPOSED STRATFORD BOROUGH » ELECTRIC LIGHTING LOAN OF £16,000. m> lE STRATFORD BOROUGH JL ' COUNCIL hereby gives public notice t.bat it proposes to borrow by wav of SjPeOal Loan, under the provisions of “ Tlie Local Bodies" Loans Act 1913 ” tJ lf - sura of Sixteen Thousand Pounds (^16,000). The particular purposes for which the loan is required, and the. sum proposed to be borrowed .for eac ‘h suc 1 purpose are as follows; (a). For the purpose of' lighting the streets and public pieces of the Borough of Stratford, and supplying electricity to the. inhabitants thereof, to acquire L'y purchase the whole of the bus.’tu; ss and undertaking of the Straitford Electrical Supply Company - Limited, and the entire goodwill thereof, and all the' free-1 hold and leasehold lands, cor-t poreal and incorporeal rights,j easements and appurtenances, j buildings, engines, machinery, poles, lines, plant, stock-in- , trade, materials and other pro-1 perty of the said Company (excepting moneys, securities and! book debts). [

£15,600.1 (b). To purchase or otherwise ac-j quire all such other freehold or leasehold lands, rights, easements, property, machinery, plant, and materials, and to erect all such further buildings and other erections as the Council may consider necessary for the purpose of lighting the streets and public places of the Borough with electricity and supplying electricity to the inhabitants thereof £4OO Total £16,000 The Council proposes to pledge as security for the said Loan of £16,000 and the interest and sinking fund thereon, an annually recurring Special Rate of one penny and one farthing (1-id) in the £ on the nnimproml valued of all rateable property within the said Borough of Stratford during the currency of such Loan, such Special Rate to be payable half yearly on the First day of April and the First day of October in each and I every year during the currency of such Loan, being a period of Thirtysix years, or until the said Loan is fully paid off. It is proposed that such Loan shall bo for a period of Thirty-six years from the Ist day of October, 1916, at live pounds five shillings £5 5s i per centum per annum interest, with The addition of a Sinking Fund of One pound (£1) per centum per annum, and the whole of the Loan is to be repayable on the Ist day of October, 1952, by means of the Sinking Fund and otherwise. It is proposed to pay out of the Loan the cost of raising the Loan, and all preliminary expenses in connection with tlie scheme for which the Loan is proposed to be raised; but it is not proposed to pay out ol the Loan the first year’s interest and sinking fund of the Loan during the

construction of the said works. Dated at Stratford this 26th day ot July, 1916. PHILIP SKOGLTND, Town Clerk. j NOTICE OF POLL. NOTICE is hereby given Fuat a poll of the ratepayers of the Borough ot Stratford will be taken on the proposals described in the above notice at the Borough Council Chambers, Broadway, in the Borough of Stratford, on Friday, the Twenty-fifth day of August, 1916, between the hours of Nine o’clock in the forenoon and Seven o’clock in the afternoon. JOS W. BOON, Mayor.