Oamaru Harbour Board Advance Repayment Act 1892
Oamaru Harbour Board Advance Repayment Act 1892
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Oamaru Harbour Board Advance Repayment Act 1892
Oamaru Harbour Board Advance Repayment Act 1892
Local Act |
1892 No 15 |
|
Date of assent |
1 October 1892 |
|
Contents
An Act to provide for the Repayment of certain Moneys by the Oamaru Harbour Board.
Preamble.
WHEREAS in or about the month of November, one thousand eight hundred and eighty-eight, and in or about the month of February, one thousand eight hundred and eighty-nine, the Treasury advanced to the Oamaru Harbour Board (hereinafter referred to as “the Board”
) a sum amounting in all to thirty thousand pounds, which sum was to bear interest at the rate of five pounds per centum per annum until repaid, such sum to be secured upon debentures for forty thousand pounds, issued under “The Oamaru Harbour Board Loan Act, 1887:”
And whereas doubts exist as to the validity of the advance so made or as to part thereof, and it is expedient such doubts should be quieted, and that provision be made for the recovery of the amount due or to become due by the Board in the manner hereinafter provided:
Be it therefore enacted by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:
1 Short Title.
The Short Title of this Act is “The Oamaru Harbour Board Advance Repayment Act, 1892.”
2 Advance to Board of £30,000 validated and made recoverable.
The advance of thirty thousand pounds so made to the Board as aforesaid shall be and be deemed to have been valid and lawful notwithstanding anything contained in “The Oamaru Harbour Board Loan Act, 1887,”
or in any other Act, and the said sum together with interest thereon at the rate aforesaid up to the date of payment thereof is hereby declared to be a debt due by the Board to Her Majesty the Queen, and may be recovered by or on behalf of Her said Majesty—
(1.)
By an action in accordance with the provisions of “The Crown Suits Act, 1881,”
for money lent; or, at the option of the Colonial Treasurer,
(2.)
By proceedings against the Board under “The Harbours Act, 3878,”
and “The Oamaru Harbour Board Loan Act, 1887,”
or under either of such Acts, and in any such case all the provisions of the said Acts, or such one of them as may be applicable, shall extend and apply in respect of the said sum of thirty thousand pounds and interest due or to accrue due thereon at the rate aforesaid, as if the said sum and interest were represented by debentures and coupons issued by the Board under “The Harbours Act, 1878,”
and any special Act, and as if default had been made by the Board in payment thereof respectively; and the said sum and interest as aforesaid shall be deemed to be due and payable to Her said Majesty by the Board without any notice or demand.
3 Saving of rates made under “The Oamaru Harbour Board Loan Act, 1887,”
and of prior securities.
Nothing herein shall be deemed to interfere with or prejudice any rate made under “The Oamaru Harbour Board Loan Act, 1887,”
and such rate may be levied, collected, and applied in and towards payment of the principal and interest moneys thereby made payable, nor shall anything herein affect the priority of any security lawfully made or issued by the Board prior to the passing of the said Act.
4 Provision as to delivery of debentures to Board on payment of advance.
On payment to Her Majesty of the said sum of thirty thousand pounds and interest as aforesaid, all debentures issued under “The Oamaru Harbour Board Loan Act, 1887,”
then in the hands of the Colonial Treasurer, or any person or authority on his behalf, shall be handed over to the Board, or as it may direct.
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Versions
Oamaru Harbour Board Advance Repayment Act 1892
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