WHEREAS the lands described in Schedule 1 hereto were vested in the Mayor, Councillors, and Citizens of the City of Auckland (hereinafter called the Corporation, which expression shall also include the Auckland City Council where the context so admits or requires) by section two of the Reserves Disposal and Exchange Act 1895, for the purposes of recreation and for the conservation of the native fauna and flora: And whereas the said lands are situated in the valley of the Huia Stream, and the Corporation proposes to establish waterworks in the said valley for the purpose of obtaining the water of the said stream for water-supply purposes, and to erect dams and other necessary works in connection therewith: And whereas it is advisable that the Corporation should hold the said lands and be able to use the same for and in connection with its said waterworks, and for such purposes only: And whereas certain loans raised by the Corporation have matured or are shortly maturing for which no sufficient sinking funds exist, and it will be necessary to raise fresh loans to pay off the loans set out in Part 1 of Schedule 2 hereto: And whereas the Corporation has been authorized to raise the loans set out in the Second and Third Parts of the said Second Schedule for the purposes respectively set out in the first column of the said Second and Third Parts: And whereas the amounts still unraised of the said loans are set out in the third column of the said Second and Third Parts: And whereas the Corporation desires to borrow the sum of one million six hundred and ninety-four thousand dollars (being the aggregate of the unraised loans and balances set out in the said Schedule 2) as a consolidated loan upon the security and terms hereinafter mentioned, and it is desirable that the Corporation should be authorized so to do: And whereas the Corporation and the local bodies hereinafter mentioned are required to contribute to the formation and improvement of a main arterial highway within the districts of the said local bodies, and the Corporation has undertaken the work of forming and concreting the said road, and it is desirable that the Corporation should be authorized to lend to the said local bodies sums not exceeding in all fifty thousand dollars for such purpose: And whereas it is desirable that the Corporation should be given certain additional powers in relation to the acquisition of land for streets and other public purposes: And whereas it is contemplated that a road or street may be laid out and constructed along the foreshore of the Auckland Harbour, and it is desirable that the Corporation and other local authorities should be authorized to contribute to the cost of such road or street: And whereas the Corporation has provided a staff-room for its employees, and doubts have been raised as to the Corporation’s powers in relation thereto, and it is desirable that such doubts should be set at rest: And whereas the Auckland Institute and Museum Trust Board (a society duly incorporated under the provisions of the Religious, Charitable, and Educational Trusts Act 1908, and hereinafter called the Board) has established a museum in the City of Auckland, and such museum is vested in the Board, together with certain funds and investments arising from private subscriptions and bequests and otherwise: And whereas, in terms of the provisions of the Auckland Institute and Museum Site Empowering Act, 1918, a lease of a portion of the Auckland Domain has been granted by the Corporation to the Board as a site (hereinafter referred to as the Domain site) for a public museum and institute, upon which the Board intend to erect a museum and institute building in substitution for the museum and institute building controlled by the Board and now inadequate to meet the growth and prosperity of the City of Auckland: And whereas it is provided (inter alia) by such Act that so long as the Domain site is occupied by the Board the Mayor of the City of Auckland (ex officio) and two members of the Auckland City Council annually appointed by such Council shall be members of the Council of the said institute and museum: And whereas the citizens of Auckland some time since decided to raise a fund for the purpose of erecting a suitable memorial in memory of those who fell and served in the Great War: And whereas it was agreed by such citizens that the form of such memorial should be the erection of a museum and institute on the Domain site, and that a memorial hall should be one of the distinguishing features of such building: And whereas such fund has by voluntary contributions from citizens and public institutions reached an amount of three hundred and twenty thousand dollars: And whereas a design for such war memorial museum and institute has been approved, and the erection thereof will shortly be proceeded with at an estimated cost of three hundred and seventy thousand dollars: And whereas the annual revenue derived by the Board from its invested funds and other sources is likely to be insufficient to maintain such museum and institute in a state of efficiency commensurate with the anticipated growth and prosperity of the City of Auckland, and it is advisable that the future maintenance of the museum and institute should have the financial support of the Corporation, and that further provision should be made for the representation of the Corporation on the Council of the said museum and institute: