This Act may be cited as the Nelson Harbour Board Empowering Act, 1948.

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

This Act shall be deemed to be a special Act within the meaning of the Harbours Act, 1923.

The Board is hereby authorized, subject to the provisions of the Harbours Act, 1923, to reclaim one hundred acres of tidal lands in Nelson Harbour, being that part of the endowments of the Board delineated on a plan marked M.D. 8779, and deposited in the office of the Marine Department, Wellington.

It shall he lawful for the Board, from time to time as it may require, to borrow, subject to the provisions of the Harbours Act, 1923, and the Local Government Loans Board Act, 1926, a sum or sums not exceeding in the whole the sum of five hundred thousand pounds (in addition to any moneys heretofore authorized to be borrowed by the Board under or by virtue of any other Act) for the purpose of carrying out the works specified in the Schedule hereto.

The Board may from time to time raise such moneys in accordance with the provisions of Part I of the Local Bodies’ Loans Act, 1926, and the provisions of that Act shall apply as if the Board were a local authority and the said harbour-works were public works within the meaning of that Act.

In addition to the charge on the Harbour Fund created by the Harbours Act, 1923, the Board may make and levy as further security for the moneys authorized to be borrowed by this Act a special rate or special rates not exceeding in all three farthings in the pound (capital value) in the year on all rateable property in the district.