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Wairarapa Times-Age, 7 November 1940, Page 7

MAURICEVILLE COUNTY COUNCIL. KOPUARANGA STREAM BRIDGE. NOTICE OF SPECIAL ORDER. NOTICE IS HEREBY GIVEN that at a Special Meeting of the Mauriceville County Council, held on the 14th day of October, 1940, the following Resolution was passed, and will be submitted for confirmation at the Ordinary Meeting of the Council, to be held on the 11th day of November, 1940, at 11 a.m., at the County Office, Mauriceville. 1. That for the purpose of reconstructing the bridge known as the Kopuaranga Stream Bridge, or Mauriceville Town Bridge, being a bridge exceeding twenty feet in span, such reconstruction being necessary by reason of disrepair, the Mauriceville County Council proceed to raise, under provi- , sion of Section 25 of the “Local Bodies Loans Act, 1926” (an Order in Council under Section 29 of the “Finance Act, Number 2, 1932,” having been obtained authorising the Council to borrow), and in pursuance of all other acts and powers enabling it in that behalf, a loan of £865 to be secured upon the bridge rate which the County Council was duly authorised to levy by a poll of ratepayers of the County taken on the 31st day of January, 1925, under the provisions of Section 23 of the “Local Bodies Loans Act, 1913.” 2. That the said loan be known as the Bridges Loan, 1940, £865. 3. That the said sum of £865 be raised by the said Council from J. H. Francis & Co., Ltd., of Wellington.] 4. That the term of the said loan shall be twenty (20) years from the 15th day of November, 1940. 5. That the rate of interest shall be Four pounds (£4) per centum per annum.

6. That the said sum of £865 be borrowed on the following terms:— (i) That the said sum of £865, together with interest thereon, as aforesaid, shall be repaid on a table basis over a period of twenty (20) years from the 15th day of November, 1940, by equal halfyearly instalments of £3l 12s 5d each, payable on the 15th day of May and the 15th day of November in each year, commencing with a payment on the 15th day of May, 1941, the last payment to be made on the 15th day of November. 1960. (ii) The said Council'shall secure the payment of the said sum and interest by the issue of forty (40) debentures payable to bearer for £3l 12s 5d each. Such debentures shall be sealed with the seal of the Chairman, Councillors and Inhabitants of the said County, and signed by the Chairman and the County Clerk, who are hereby authorised to sign the same. (iii) The security for the payment of the said debenture shall be the annually recurring special bridge rate of one-half of a penny (Jd) in the pound on the rateable value (on the basis of the capital value) of the whole of the rateable property in the County of Mauriceville made and levied by the Council by a special order duly passed on the 10th day of April. 1926. and confirmed on the Bth day of May, 1926. and published in the “New Zealand Gazette” on the 24th day of June. 1926, at page 1824. (iv) The Council doth hereby permanently appropriate and pledge the said special rate as security for the payment of the said debentures to be issued in respect of the said loan of £865. (v) That in pursuance and exercise I of the authority contained in the Order in Council of the 14th day of August, 1940, appearing in the “New Zealand Gazette” on the 22nd day of August, 1940. at page 1942. the said debenture shall be issued on the terms of issue determined by the said Order in Council. 7. That the costs of raising the said loan shall be paid out of the said loan. 8. That the said loan shall be charged and shall be payable out of the Mauriceville County Bridge Fund Account. 9. That copies of this resolution and. all other orders, resolutions and documents relating to the said loan and certified by the Chairman and County Clerk as correct extracts from the minutes of the proceedings of the Council made from time to time, be sealed with the Common Seal of the Chairman. Councillors and Inhabitants of the County of Mauriceville as evidence of the same and issued. Seconded by Councillor J. H. MacDonald. and Carried. Dated this 17th day of October. 1940. A. W. G. HOLDINGS, County Clerk.