New Zealand Gazette – 1935 – No. 22

Page 948

✨ Local Authority Loans Conversion Order



948 THE NEW ZEALAND GAZETTE. [No. 22

On presentation of this debenture at , in New Zealand, on or after
the day of , 19 , the bearer thereof will be entitled to receive
£ . Interest on this debenture will cease after the day when the payment
falls due unless default is made in payment.

This debenture bears interest at the rate of per centum per annum,
payable on the day of and the day of in each year,
on presentation of the attached coupons.

Issued under the common seal of the
the day of , 19 .

[L.S.] A.B., Chairman.
C.D., Treasurer [or other officer appointed for the purpose].

(3) Coupon.

No. .
New debenture No. of the [Name of local authority], New Zealand,
issued under Part II of the Local Authorities Interest Reduction and Loans
Conversion Act, 1932-33, and the Loans Conversion Order, 19 .

On presentation of this coupon at , in New Zealand, on or after the
day of , 19 , the bearer hereof will be entitled to receive
£ .

(N.B.—The holder of this coupon has no claim in respect thereof upon the
Government or public revenues of New Zealand.)

A.B., Chairman.
C.D., Treasurer [or other officer appointed to sign debentures].

(4) Resolution making Special Rate.

In pursuance and exercise of the powers vested in it in that behalf by Part II
of the Local Authorities Interest Reduction and Loans Conversion Act, 1932-33,
and the Loans Conversion Order, 19 , the [Name of local authority]
hereby resolves as follows:—

That, for the purpose of providing the interest, sinking fund, and other
charges on the new securities authorized to be issued by the [Name of local
authority] under the above-mentioned Act and Order, whether in conversion of
existing securities issued in respect of the loan set out in the First Schedule
to that Order or to provide for cash premium payments, and also the interest,
sinking fund, and other charges on the unconverted securities issued in respect
of such loan, the said [Name of local authority] hereby makes and levies a special
rate of [State amount in the pound] upon the rateable value on the basis of
[State whether capital, unimproved, or annual] value of all rateable property
within the whole of that area of the district of the local authority over any part
of which the existing special rate in respect of the loan specified in the aforesaid
First Schedule was made and levied, and that such special rate shall be an annually
recurring rate during the currency of such securities, and be payable half-yearly
on the day of and the day of [or yearly on the
day of ] in each and every year until the last maturity date of
such securities, being the day of , 19 , or until all such securities
are fully paid off.

THIRD SCHEDULE.
MATURITY DATES OF NEW SECURITIES.

Date. Aggregate Amount of Principal, to be increased or reduced proportionately in accordance with Clause 16 (2) of this Order if the Total Amount is greater or less than £5,200. Date. Aggregate Amount of Principal, to be increased or reduced proportionately in accordance with Clause 16 (2) of this Order if the Total Amount is greater or less than £5,200.
£ £
1st May, 1936 100 1st May, 1952 100
" 1937 100 " 1953 100
" 1938 100 " 1954 200
" 1939 100 " 1955 200
" 1940 100 " 1956 100
" 1941 100 " 1957 200
" 1942 100 " 1958 200
" 1943 100 " 1959 200
" 1944 100 " 1960 200
" 1945 200 " 1961 200
" 1946 200 " 1962 200
" 1947 200 " 1963 200
" 1948 200 " 1964 300
" 1949 100 " 1965 200
" 1950 100 " 1966 200
" 1951 200 " 1967 300
Total .. .. £5,200


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✨ LLM interpretation of page content

💰 Cook County Loans Conversion Order, 1935 (No. 3) (continued from previous page)

💰 Finance & Revenue
Local Authority, Loans, Conversion, Cook County, Debentures, Securities, Interest, Maturity Dates, Sinking Fund, Premium Payments
  • A.B., Chairman
  • C.D., Treasurer