Dunedin City Empowering Act 1949
Dunedin City Empowering Act 1949
Dunedin City Empowering Act 1949
Local Act |
1949 No 6 |
|
Date of assent |
11 October 1949 |
|
Contents
An Act to Empower the Dunedin City Renewal Fund Commissioners to Make Advances to the Dunedin City Council for Certain Purposes.
BE IT ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:—
1 Short Title.
This Act may be cited as the Dunedin City Empowering Act, 1949.
2 Authorizing Dunedin City Renewal Fund Commissioners to make advances to the Dunedin City Council for certain purposes.
Pending the raising by the Dunedin City Council of any special loan duly authorized for the purpose specified in paragraph (b) of subsection one of section eighteen of the Municipal Corporations Amendment Act, 1948 (including any loan so authorized before the passing of this Act), the Dunedin City Renewal Fund Commissioners may from time to time, subject to the provisions of section thirty-four of the Local Bodies’ Loans Act. 1926, as amended by section seven of the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, advance moneys to the Council on the security of any hypothecation or mortgage of debentures by the Council under the said section thirty-four.