NORTH AUCKLAND ELECTRIC POWER BOARD

RESOLUTION MAKING SPECIAL RATE

Reticulation Loan 1954, £150,000

In pursuance and in exercise of the powers vested in it in
that behalf by the Local Bodies’ Loans Act 1926 and
its amendments, and of all other powers it thereunto enabling,
the North Auckland Electric Power Board hereby resolves
as follows:

‘That, for the purpose of providing for the repayment
of the principal, interest, and other charges on the Board’s
Reticulation Loan 1954, £150,000, authorized to be raised
by the North Auckland Electric Power Board under the
above-mentioned Act for the purpose of supplying and
distributing electrical energy for the benefit of the North
Auckland Electric Power District and for such purpose to
do all or any of such matters and things which the Board
is empowered to do by the Electric Power Boards Act 1925
and its amendments and by all other powers and authorities
it enabling, the North Auckland Electric Power Board hereby
makes and levies a special rate of forty-seven fiftieths of
one penny (47/50d.) in the pound (£) upon the rateable value
(on the basis of the unimproved value) of all rateable
property in the North Auckland Electric Power District;
such special rate to be an annually recurring rate during
the currency of the said loan and be payable yearly on the
8th day of September in each and every year, being a
period of twenty years, or until the loan is fully repaid.’

Notice is hereby given that at a meeting of the North
Auckland Electric Power Board, held on the 14th day of
October 1954, the above resolution was passed.

S. P. DAY, Secretary.

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