The said Board may, under the Local Bodies Loans Act 1926, borrow by special order, and without taking the steps described in sections nine to thirteen of the Local Bodies Loans Act 1926, by way of special loan, a sum not exceeding eleven thousand two hundred dollars for the exclusive purpose of paying the preliminary expenses of the said loan already raised, and including the preliminary expenses of raising such special loan not exceeding eleven thousand two hundred dollars; and the repayment of such special loan shall be secured by a special rate in terms of section twenty-one of the Local Bodies Loans Act 1926.
The expression eleven thousand two hundred dollars was substituted, as from 10 July 1967, for the expression “five thousand six hundred pounds”
pursuant to section 7(1) Decimal Currency Act 1964 (1964 No 27).