Act
Repealed
Latest version
as at 23 October 1963 (as enacted)
|
1963 No 97
Local Authorities Loans Amendment Act 1963
Act
Repealed
Latest version
as at 23 October 1963 (as enacted)
|
1963 No 97
Local Authorities Loans Amendment Act 1963
Local Authorities Loans Amendment Act 1963
Local Authorities Loans Amendment Act 1963
Public Act |
1963 No 97 |
|
Date of assent |
23 October 1963 |
|
An Act to amend the Local Authorities Loans Act 1956
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 Local Authorities Loans Amendment Act 1963, and shall be read together with and deemed part of the Local Authorities Loans Act 1956 (hereinafter referred to as the principal Act).
2 Issue of debentures
Section 57 of the principal Act is hereby amended by repealing subsection (2), and substituting the following subsection:
“(2)
A debenture in form 3 may be issued only where the lender is Her Majesty the Queen or an approved corporation, and shall not be transferred except to Her Majesty or an approved corporation.”
This Act is administered in the Treasury.
Act
Repealed
Latest version
as at 23 October 1963 (as enacted)