BOROUGH OF GISBORNE.

Gisborne Times, Volume IX, Issue 710, 5 January 1903, Page 3

BOROUGH OF GISBORNE.

SPECIAL ORDER AUTHORISING RAISING OF LOAN FOR ABATTOIRS. ALSO, SPECIAL ORDER MAKING RATE.

jVj OTICE is hereby given that the Gisborne Borough Council will hold a Meeting, at the Council Chambers, Lowe street, Gisborne, on TUESDAY, 6th January, 1903, at 7.30 p.m., for the purpose' of confirming the following Resolutions “ That for the purpose of the establishment of Public Abattoirs, the Gisborne Borough Council hereby decides to raise a Special Loan, of £4OOO from the Government, under: the provisions of “The Local Bodies. Loans Act, 1901,” and amendments thereof, for a term of forty-one years, at the rate of 31 per cent, per annum. It is proposed to pay the cost of Raising the Loan and First Year’s Interest out of Loan.”

•“ That for the purpose of providing the Interest and Sinking Fund, and other charges, on a Loan of £4OOO, authorised to be raised by the Gisborne Borough Council, under the provisions of “The Local Bodies Loans Act, 1901,” for the establishment of Public the Gisborne Borough Council hereby makes and levies a Special Rate/of One Penny in the Pound sterling^'upon the annual rateable valuatipii of all rateable property within the Borough of Gisborne, as defined in New Zealand Gazette of

14th May, 1877, folio 526 ; and that such Special Rate sliall be an annual recurring rate during the currency of such loan, being a period of forty-one years, or until the loan is fully paid off; the rate of interest on such loan being 31 per cent, per annum ; and it is further resolved that the interest upon the loan shall bo paid out of the charges, rents and tolls accruing from such Public Abattoirs, and in that case the Special Rate not 1» collected except to make good any deficiency that may occur through the revenue from such Abattoirs being insufficient to meet the interest and lawful charges upon the loam” R. D. B. ROBINSON, Town ClerkTown Clerk’s Office, Gisborne, Dec. 13th, 1902.