Act Repealed Latest version as at 24 October 1947 (as enacted) | 1947 No 7

Central Waikato Electric-power Board Empowering Act 1947

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Contents

Preamble.

Short Title.

Board may raise special loan by special order.

Notice to Minister of Finance not to be given until after resolution confirmed.

Central Waikato Electric-power Board Empowering Act 1947

Local Act		1947 No 7
Date of assent		24 October 1947

	Title
	Preamble.
1	Short Title.
2	Board may raise special loan by special order.
3	Notice to Minister of Finance not to be given until after resolution confirmed.

An Act to authorize the Central Waikato Electric-power Board to raise a Special Loan of such Sum, not exceeding Thirty-five Thousand Pounds, as may be required by it for the Erection of Buildings for the Housing and Storage of Plant, Machinery, Stores, and Equipment by Special Order and without taking the Steps prescribed by Sections Nine to Thirteen of the Local Bodies’ Loans Act, 1926.

Preamble.

WHEREAS the Central Waikato Electric-power Board (hereinafter called the Board) is empowered by the Electric-power Boards Act, 1925, and the Local Bodies’ Loans Act, 1926, to raise a special loan for the purpose of erecting buildings for the housing and storage of plant, machinery, stores, and equipment: And whereas, owing to the fact that the Central Waikato Electric-power District includes the whole or parts of the districts of seven local authorities with different voting qualifications, it is difficult and expensive to take a poll of ratepayers on the proposal to raise the said special loan:

Be it therefore 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 Central Waikato Electric-power Board Empowering Act, 1947.

2 Board may raise special loan by special order.

The Board may, by special order and without taking the steps prescribed by sections nine to thirteen of the Local Bodies’ Loans Act, 1926, raise a special loan of such sum, not exceeding thirty-five thousand pounds, as may be required by it for the erection of buildings for the housing and storage of plant, machinery, stores, and equipment.

3 Notice to Minister of Finance not to be given until after resolution confirmed.

Where the Board proposes to raise a special loan by special order under the provisions of this Act the notice required to be given to the Minister of Finance under section ten of the Local Government Loans Board Act, 1926, shall not be given until after the confirmation of the resolution to raise the said special loan by special order.

Central Waikato Electric-power Board Empowering Act 1947