This Act may be cited as the Lake Coleridge Water-power Act, 1915.

The Governor may, by Order in Council, confer on any local authority proposing to contract with His Majesty the King for the supply of electricity from the works established at Lake Coleridge by the Minister of Public Works such of the powers of Borough Councils with respect to lighting and the supply of electricity as he thinks fit, and with such restrictions, modifications, and conditions as he thinks fit, and thereupon that local authority shall have and may exercise the said powers accordingly pursuant to the tenor of the said Order in Council.

Any local authority upon which any of the powers aforesaid are conferred may, for the purpose of exercising such powers, raise by special order under the Local Bodies’ Loans Act, 1913, without taking the steps described in sections eight to twelve of that Act, any sum not exceeding five thousand pounds.

A Borough Council proposing to contract with His Majesty the King for the supply of electricity from the works established at Lake Coleridge may, for the purpose of exercising its powers with respect to lighting and the supply of electricity, raise by special order under the Local Bodies’ Loans Act, 1913, without taking the steps defined in sections eight to twelve of that Act, any sum not exceeding six thousand pounds.