Whereas, as authorized by a poll of ratepayers, the Invercargill City Council (then Borough Council) raised a special loan of one hundred and four thousand dollars known as Special Loan No 3, 1911, of $104,000, of which loan there is now an unexpended balance of one thousand three hundred and sixty dollars: And whereas as authorized by a poll of ratepayers the Invercargill City Council (then Borough Council) raised a special loan of fifty-nine thousand five hundred and twenty dollars known as the Public Works Loan, 1919, of $59,520, of which loan there is now an unexpended balance of eight thousand two hundred and ninety-four dollars: And whereas the South Invercargill Borough Council, in pursuance of a poll of ratepayers, raised a special loan of fourteen thousand dollars, known as the South Invercargill North Ward Loan, 1911, of $14,000; and also in pursuance of a poll of ratepayers raised a special loan of eleven thousand eight hundred dollars known as the South Invercargill Middle Ward Loan, 1918, of $11,800: And whereas in consequence of alterations made in the boundaries of the City of Invercargill and of the Borough of South Invercargill respectively, and by agreement as provided for by the Municipal Corporations Act 1920, in respect of alterations of boundaries of boroughs, made between the Invercargill City Council of the one part and the South Invercargill Borough Council of the other part, the balances of the said loans of fourteen thousand dollars and eleven thousand eight hundred dollars were paid by the South Invercargill Borough Council to the Invercargill City Council, and the said City Council now holds the unexpended balances of its said loans amounting to three hundred and sixty-eight dollars and six hundred and sixty-four dollars respectively: And whereas none of the said unexpended balances is now required for the purposes for which the aforesaid special loans were respectively raised, and it is expedient that such balances, amounting in all to the sum of ten thousand six hundred and eighty-six dollars, should be appropriated and expended upon public works within the City of Invercargill as hereinafter authorized: Be it therefore enacted as follows:—
Notwithstanding anything to the contrary in the Municipal Corporations Act 1920, or any other Act, the Invercargill City Council is hereby authorized and empowered to appropriate and expend the unexpended balances of the before-mentioned loans, amounting in all to ten thousand six hundred and eighty-six dollars, upon public works within the City of Invercargill as follows:—
The construction and paving of footpaths, six thousand dollars;
The kerbing and kerb-channelling of footpaths, one thousand five hundred dollars;
The drainage of streets, one thousand five hundred dollars; and
The formation, gravelling, or metalling of streets, one thousand six hundred and eighty-six dollars.
The expressions “one hundred and four thousand dollars”
, “$104,000”
, “one thousand three hundred and sixty dollars”
, “fifty-nine thousand five hundred and twenty dollars”
, “$59,520”
, “eight thousand two hundred and ninety-four dollars”
, “fourteen thousand dollars”
, “$14,000”
, “eleven thousand eight hundred dollars”
, “fourteen thousand dollars and eleven thousand eight hundred dollars”
, “$11,800”
, “three hundred and sixty-eight dollars”
, “six hundred and sixty-four dollars”
, “ten thousand six hundred and eighty-six dollars”
, “six thousand dollars”
, “one thousand five hundred dollars”
and “one thousand six hundred and eighty-six dollars”
were substituted, as from 10 July 1967, for the expressions “fifty-two thousand pounds”
, “£52,500”
, “six hundred and eighty pounds”
, “twenty-nine thousand seven hundred and sixty pounds”
, “£29,760”
, “four thousand one hundred and forty-seven pounds”
, “seven thousand pounds”
, “five thousand nine hundred pounds”
, “seven thousand pounds”
, “£7,000”
, “five thousand nine hundred pounds”
, “£5,900”
, “one hundred and eighty-four pounds”
, “three hundred and thirty-two pounds”
, “five thousand three hundred and forty-three pounds”
, “three thousand pounds”
, “seven hundred and fifty pounds”
and “eight hundred and forty-three pounds”
pursuant to section 7(1) Decimal Currency Act 1964 (1964 No 27).