This Act may be cited as the Dunedin City and Suburban Tramways and Water-power Amendment Act, 1911.

This Act shall be deemed to amend and extend the Dunedin City and Suburban Tramways and Water-power Act, 1903 (herein called the principal Act); and the principal Act and all Acts incorporated therewith, together with this Act, shall be read as one Act where not inconsistent with the context.

Notwithstanding anything in section six of the principal Act, such of the mining privileges referred to in that section as relate to the Lee Stream and the water thereof may be used by the said Corporation for waterworks purposes within the meaning of the Municipal Corporations Act, 1908, and for extending or enlarging their existing waterworks, so that the said mining privileges and water may be connected with and form part of the said existing waterworks; and the dams, weirs, and water-races, and all other works and property pertaining to the said mining privileges, shall be deemed to be waterworks belonging to and under the control of the City Council of Dunedin within the meaning of the Municipal Corporations Act, 1908:

Provided that nothing herein shall apply to any mining privilege extending below the junction of the Lee Stream and the Taieri River.

All sum or sums of money required for the purposes of this Act, and for the waterworks and other works to be constructed or extended hereunder, may be borrowed by the Corporation by means of debentures issued pursuant to the Local Bodies’ Loans Act, 1908, and this Act shall be for all purposes sufficient authority for the issue and sale of the said debentures, and no person shall be entitled to call for any further evidence of the power of the Corporation to borrow the said sum or sums and issue the said debentures than the production of a copy of this Act:

Provided that no debenture issued under this Act shall be sold at a price that will produce to the purchaser a greater rate of interest than five per centum per annum.