BOROUGH OF TAIHAPE.

Taihape Daily Times, 15 March 1919, Page 5

BOROUGH OF TAIHAPE.

IN THE MATTER of “The Municipal Corporations 'Act, 1908,” “The Local Bodies Loans Act, 1913” and the Acts amending the same, —

PROPOSAL TO BORROW £17,000.

PUBLIG*:NOTICE is hereby given thfe|i!%AIHAPEl BOROUGH GOUNUffi'proposes to raise a special Ibangvfor and in connection with constricting'- and providing public works 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— £ 1000. 11. 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, 1 Street, to Main Street, and from a point opposite Section 13, Block VIII to Kokako Street; Robin Street from a point 2 chains north of Kuku ' Street to connect with drain in Tui Street. — £2200.

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 4J chains to the East of its junction with Kokako Street, and on the Northern yside from the South-western 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 53chains 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. 9J 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, a4i 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 IMPROVE-

MENTS,— Diverting Streams, installing concrete culverts for same, replacing Hospital Steps by footpath, etc., etc. — £2OOO. VII— PURCHASE OF PLANT Steam Road Roller, Crushing Plant, Tar Macadam and Concrete Miners, ®tc„ etc. — £2500. VIII— FIRST YEAR’S INTEREST, Preliminary and incidental expenses.— £1303. It is proposed that the preliminary and incidental expenses and the first yfear’sinterost on the loan shall be paid out of the loan moneys. In order to provide for repayment of the loan it is proposed to set aside annually a sinking fund of 1 per cent.

©n the amount of the loan. The said loan shall bear interest at a rate not exceeding 51 per centum per annum, and with the sinking fund, shall he secured by a special rate upon all rateable property within the Borough sufficient to meet the periodical payments of interest and sinking fund and 10 per centum more than such payments. The said loan shall he 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. F. MENZIES, Town Clerk. Taihape, 22nd February. 1919.

PUBLIC NOTICE IS HEREBY GIVEN that a POLL of the Ratepayers of the Borough of Taihape will be taken on Wednesday, the 26tn 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.