This Act may be cited as the New Lynn Borough Empowering and Rates Consolidation Act 1952.

Notwithstanding anything to the contrary in the Municipal Corporations Act 1933, or in any other enactment, the New Lynn Borough Council, instead of making and levying separately the general rate and all or any separate or special rates leviable over the whole of the Borough of New Lynn or over any part or parts thereof, may in any year by resolution make and levy over the whole of the borough a rate (hereinafter called a consolidated rate) of such amount as will produce a sum not greater than the sum that would be produced by making and levying the said rates separately. Any consolidated rate may be made and levied over the whole of the borough notwithstanding that any part or parts of the borough may not be liable for any of the separate or special rates for which the consolidated rate is substituted.

Nothing in this section or in any resolution passed thereunder shall affect the liability of the Crown for the payment of any special rates in accordance with the provisions of section one hundred and twenty-three of the Local Bodies’ Loans Act 1926.

A demand for any consolidated rate shall specify the several rates for which the consolidated rate is substituted.

Nothing in this section shall be so construed as to affect in any way the security afforded to any creditor of the Borough of New Lynn by any special rate.

The proceeds of a consolidated rate made and levied under this section shall be applied for the purposes of the several rates in lieu of which the consolidated rate was made.