This Act may be cited as the Napier Harbour Board Loan Act, 1946.

This Act shall be deemed to be a special Act within the meaning of the Harbours Act, 1923, which Act and the amendments thereof are hereby incorporated in this Act.

In this Act, if not inconsistent with the context,—

The Board shall have power to borrow, in addition to the sums authorized by any previous Acts, subject to the provisions of the Local Bodies’ Loans Act, 1926, by special resolution and without taking the steps prescribed by sections nine to thirteen of that Act, any sum or respective sums of money, not exceeding in the aggregate four hundred thousand pounds, and to apply the moneys so borrowed in and about the construction, carrying out, and completion of the works more particularly referred to in the Schedule to this Act, all of which works (but without prejudice to the powers already possessed by the Board in relation thereto) the Board is hereby empowered to construct, execute, and carry out. No person or persons lending any such moneys as aforesaid shall be bound or concerned to see or inquire as to the application of the same for the purposes aforesaid.