NSW Legislation
1888. 51' VIC.
Leichhardt Council Chambers (Mortgage).
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An Act to enable the Municipal Couneil of ,,lecm
Leichhardt to morteage certain lands for the purpose of erecting a Town Hall or Council Chambers thereon. [1st J/arch, 1888. |
\ 7IIEREAS, pursuant to the "Municipalities Act of 1867," the Borough or Municipal District of Leichhardt has purchased the two several parcels of land described in the Sebedule hereto, for the purpose of erecting a Town Ilall or Council Chambers with all necessary offices, rooms, and appurtenances thereon. And whercas the Council of the said Borough is unable, without borrowing money upon security of the said land and the buildings to be crected thereon, to erect such Town Hall or Council Chambers, offices, rooms, and appurtenances ; and it is expedient to confer the necessary borrowing powers on such Council. Be it therefore enacted by the Quccn's Most Execllent Majesty, by and with the advice and consent of the Legislative Council and Legislative Assembly of New South Wales in Parliament assembled, and by the authority of the same, as follows :— 1. The Municipal Council of Leichhardt may, for and on behalf and in the name of the said Borough, borrow money at interest for the purposes of paying all the costs and expenses now or hereafter to be incurred of and in connection with the building and completing such Town Tall or Council Chambers, offices, rooms, and appurte- nances upon the security of the land so purchased as aforesaid, and for such purpose may mortgage the said land or any part thereof and the building now or hereafter to be erected thereon, and may do, sign, seal, deliver, and execute all acts, deeds, and documents necessary for effecting and completing such mortgage.
2. All moneys so borrowed shall be applied to the purpose of building and completing the said Town Hall or Council Chambers, offices, rooms, and appurtenances, and for no other purpose whatso- ever. Anda detailed account of all moneys so received or paid by the said Council shall be ineluded in the detailed account of revenue and expenditure required by the one hundred and eighty-third section of the '* Municipalities Act of 1867."
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