Timaru Harbour Board Loan Act 1962
Timaru Harbour Board Loan Act 1962
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Timaru Harbour Board Loan Act 1962
Timaru Harbour Board Loan Act 1962
Local Act |
1962 No 13 |
|
Date of assent |
2 November 1962 |
|
Contents
An Act to grant further borrowing powers to the Timaru Harbour Board
BE IT 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 Timaru Harbour Board Loan Act 1962.
2 Interpretation
Inthis Act, unless the context otherwise requires, “Board”
means the Timaru Harbour Board.
3 Special Act
This Act shall be deemed to be a special Act within the meaning of the Harbours Act 1950.
4 Works authorised
The Board is hereby authorised, subject to the provisions of the Harbours Act 1950, to construct and carry out the harbour works specified in the Schedule to this Act.
5 Power to borrow
The Board may from time to time, subject to the provisions of the Harbours Act 1950 and of this Act and of the Local Authorities Loans Act 1956, borrow any sum or sums of money not exceeding in the whole five hundred thousand pounds in addition to any money heretofore authorised to be borrowed under or by virtue of any Act.
6 Expenditure on harbour works
The money borrowed under the authority of this Act shall be applied and expended in the construction and carrying out of the harbour works and for the other purposes specified in the Schedule to this Act.
Schedule
| £ | |
(a)Provision for sheds, plant, railways, and other equipment for all-weather mechanical loading of frozen meat on No. 1 Wharf |
400,000 |
(b)Provision for sheds, plant, and other equipment for cargo handling on the North Mole berthage |
50,000 |
(c)Cost of raising the loan and contingency fund |
50,000 |
| £500,000 |
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Versions
Timaru Harbour Board Loan Act 1962
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