BOROUGH OF TAIHAPE.

Taihape Daily Times, 1 March 1919, Page 5

BOROUGH OF TAIHAPE.

IN THE MATTER of "jie Municipal Corporations AcsTOoß," "The Local Bodies Loan^ : Act, 1913" and the Acts amending the same,—

PROPOSAL TO BORROW £17,000.

PUBLIC NOTICE is hereby given that the TAIHAPEI BOROUGH COUNCIL proposes to raise a special loan for and in connection with constructing and providing public works as follows — : I.—For ADDITIONS to the Electric Light Power Works plant of the Borough including the acquiring and erection of a new 75 K.W. Generator—£looo. lI—STORM WATER DRAINAGE in. Main Street, from Huia Street to a point between Kuku Street and Weka Street; Huia Street from Kokako Street to the Triangle; Tui Street from Robin Street (Station Street) to outlet below the School Reserve; Kuku Street from Robin' Street to Main Street, and from a point opposite Section 13, Block VIII to Kokako Street; Robin Street from a point 2 chains noxth of ! Kuku Street to connect with drain in Tui Street.—£22oo.

III—KERBING AND CHANNELLING—Main Street both sides from Weka Street to a point opposite the Southern boundary of Section 3, Block I. Tui Street both sides from Main Street to Robin Street. KERBING, CHANNELLING, FORMING AND ASPHALTING FOOTPATHS. , Huia Street on Southern side from Railway Turnstile to a point 4£ chains to the East of its junction with Kokako Street, and on the Northern ;side from the Southwestern corner of Section 7, Block XXI to the Northern Corner of Section 20, Block 11. Tui Street both sides from the Main Street to the Swimming Baths. Kuku Street both sides from Robin Street to Kokako Street. Weka Street on the South side 51 chains from Main Street and on the Northern side from Main Street to Kokako Street. - Kokako Street, western side from Weka Street to Huia Street. Robin Street, western side 9£ chains, and on the eastern side from Tui Street to Kuku Street and from Weka Street in a Southerly direction 6 chains.

£2012. IV—CONCRETE SLABS for FOOTPATHS—Main Street both sides from Weka Street to a point opposite the Southern boundary of Section 3, Block I. Tui Street from Main Street to Railway Station. V.~RE-GRADING, ASPHALTING, an\l IMPROVING ROADWAY, Main Street from Weka Street to a point opposite the Southern boundary of Section 3, Block I. Tui Street from Main Street to Railway Station £4258 VI—SUNDRY STREET IMPROVEMENTS,— Diverting Streams, installing concrete culverts for same, replacing Hospital Steps by footpath, etc., etc. —£2000. VII—PURCHASE OF PLANT Steam Road Roller, Crushing Plant, Tar Macadam and Concrete Miners, fete. etc. —£2500. VIII—FIRST YEAR'S INTEREST, Preliminary and incidental, expenses.—£l3o3.

ilt is proposed that the preliminary nd incidental expenses and the first ear'sinterest on the loan shall be aid out of the loan moneys. In order to provide for repayment it is proposed to set aside annually a sinking fund of 1 per cent, on the amount of the loan. The said loan shall bear interest at a rate not exceeding 5| per centum per annum, and with the sinking fund, shall be secured by a special rate upon all rateable property within the Borough sufficient to meet the periodical payments of interest and siriking fund and 10 per centum more than such payments. The said loan shall be raised by the issue of debentures payable not less than a year or more than 40 years from the Ist day of October, 1919, and bearing interest at not more than 5J per centum per annum, payable half yearly. . J. P. MENZIES, Town Clerk. Taihape, 22nd February, 1919. PUBLIC NOTICE IS HEREBY GIVEN that a POLL of the Ratepayers of the Borough of Taihapo will be taken on Wednesday, the 26th day of March, 1919, under the foregoing proposal of- the Taihape Borough Council .to • raise a ■special, loan of £17,000 for the purposes, upon the security, and repayable as above set forth. ... -W j A. L, ARROWSMITTJ. I Mayor of the Be- ra,-«: igo.