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FRANKLIN COUNTY COUNCIL

RESOLUTION MAKING SPECIAL RATE

Workers' Dwellings Loan, 1955, £10,000

THE following resolution making special rate was passed at
a special meeting of the council held on the 18th day
of January 1956:

"That, in pursuance and exercise of the powers vested in
it in that behalf by the Local Bodies' Loans Act 1926, the
Franklin County Council hereby resolves as follows:

" 'That, for the purpose of providing interest and other
charges on a loan of ten thousand pounds (£10,000) authorised
to be raised by the Franklin County Council under the
above-mentioned Act for the purpose of purchasing land and
erecting dwellings and making advances to workers for
housing, the Franklin County Council hereby makes and
levies a special rate of one ninety-sixth of a penny (1/96d.)
in the pound upon the rateable value (on the basis of capital
value) of all rateable property in the County of Franklin;
and that such special rate shall be an annual-recurring rate
during the currency of such loan and be payable yearly on
the 1st day of July in each and every year during the currency
of such loan, being a period of twenty-five years, or until the
loan is fully paid off.'"

R. G. YOUNG, County Clerk.

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