Whereas the Waihou Domain Board desires to effect improvements on the lands under its control: And whereas the Board has not sufficient moneys in hand to carry out the proposed works, which are urgently necessary in the interests of public health: Be it therefore enacted as follows:—
Notwithstanding anything to the contrary in any Act, and without further authority than this section, the Waihou Domain Board may, for the purpose of effecting improvements on the lands under its control, borrow at any time before the first day of April, nineteen hundred and thirty-four, by way of bank overdraft a sum not exceeding five hundred dollars, and pledge as security for repayment thereof the rents and profits derived from such lands.