Metropolitan and Ipswich Water Supply and Sewerage Acts Amendment Act of 1921 (12 Geo v No. 2) (Qld)

MINING.-WATER SUPPLY AND SEWERAGE. 12 GEO.V. No. 28,1921. Water Supply and Sewerage Acts Amendment. 9813 (+.) The regulations may provide from time to time what persons or classes of persons shaH be regarded as dependants for the purposes of this Act. (5.) The regulations may provide a penalty not exceeding twenty pounds for any contravention thereof, to be recovered in a summary way as aforesaid. (6.) All such regulations upon publication in the Gazette shall be read as one with this Act and be of equal validity, and shall be judicially noticed. 7. The Governor in Council may, by Order in Exempt.ion Council published in the Gazette, exempt from the opera- f~;J~~am tion of this Act any fund which has already been estab- lished, if the Governor in Council is satisfied that such fund has been and will be properly and effectively administered. MOUNT MULLIGAN RELIEF FUNDS. See MINING. SOUTH BRISBANE CITY LOAN. See LOCAL AUTHORITIES. WATER SUPPLY AND SEWERAGE. Metropolitan and Ipswich Water Supply and Sewerage Acts' Amendment Act of 1921 12 Geo. V. No. 2. M etropolitan Water Supply and Sewerage Acts Amendment Act of 1921 12 Geo. V. No. 28. An Act to Enable the Metropolitan and Ipswich 12NGoe.o2. . V. Water Supply and Sewerage Board to Raise THE Loans by the Sale of Debentures or the Issue MPOELTIRTOA- N of Inscribed Stock. AND IpSWICH , WATER BE . [ASSENTED TO 22ND AUGUST, 1921.] SUPPLY AND It enacted b y t h e Km . g's 1\ <lost Exce 1 e 1 n } t \i ~ ' I L ' aJ. . esty, SEWACERTSAGE by and with the advice and consent of the Legis- AMENDMENT 1a t l · ve CounCl. l and L egl.s1ah.ve Assembly 0 f Queens1and' In ACT OF 1921. Parliament assembled, and by the authority of the same, as follows:- I This Act may be cited as "The Metropolitan and Short title Ipswich Water Supply and Sewerage Acts Amendment Act ~ ~ ~ ~ t, ruction of Act.

9814 WATER SUPPLY AND SEWERAGE. Water Supply and Sewerage Acts Amendment. 12 GEO.V. No. 2, of 1921," and shall be read as one with *"The 1~ 1 etropolitan and Ipswich Water Supply and Sewerage Acts, 1909 to 1918" (herein collectively referred to as the Principal Act.) 2. After section eighty-five of the Principal Act the following sections are inserted ;-- Appliclltion "[85A.] (1.) The Board may make application to the dtoebeeenlltures. Governor in Council. for permission to borrow money for the purposes of this Act by the sale of debentures or the issue of inscribed stock, and the Governor in Council may grant such permission. Issue of (2.) Every such permission shall be signified by an dobentulwl. Order in Council published in the Gazette, and such Order in Council shall declare the amount that may be so borrowed, the purposes for which the same shall be borrowed, the currency of the debentures or inscribed stock, and the rate of interest payable thereon. More- over, any such permission may be granted subject to the condition of providing a proper sinking fund, or subject to the condition that a proportion of the principal money shall be repayable at stated intervals during the currency of the debentures or inscribed stock, and to such other conditions as the Governor in Council may impose. Application (3.) The moneys so raised by the sale of debentures of moneys. or the issue of inscribed stock, or such portion thereof as may be found necessary for the pu~ pose, shall be expended for the purposes declared in the Order in Council, and in the proportions, if any, therein specified and not otherwise. Debentures [ 85B. ] (1.) Subject to this Act, debentures issued s t e o a b l. e under under the authority of the last precedi~ g section shall be issued in such series, at such time, and in such manner as the Board may decide, and shall be a charge upon all· the rates and revenues of the Board howsoever arising, subject to any prior debentures or inscribed stock issued under this Act. Such debentures shall bear interest at the rate prescribed in the Order in Council. Every such debenture when sealed and signed or signed as prescribed shall be deemed to have been duly * 9 Edw. VII. No. 12 and amanding Acts, supra, pages 7281 and 8668.

WATER SUPPLY AND SEWERAGE. 9815 1921. Water Supply and Sewerage Acts A rnendrnent. issued, and the holder thereof shall not be bound to inquire whether such issue was in fact duly authorised. (2.) Every such debenture shall specify the time Time and when or within which the principal shall be payable and place of the place where the principal and interest shall be pay- payment. able, and shall be in the form and shall be sealed and signed or signed as prescribed by the Governor in Council, and may have annexed thereto for every payment to grow due thereon a coupon. Every such debenture and coupon (if any), unless othenvise autho- rised by the Governor in Council, shall be transferable by delivery. . (3.) The Board may authorise the sale or disposal Debentures of any such debentures in Queensland, or in places m~d .be .. beyond Queensland, and may appoint an agent or agents Quc::sland to negotiate such sale or disposal. or elsewhere. (4.) The holder of any such debenture shall be Payment of epnrm.tiCtl. lepda1tsoumrencaemiveed pt hayerm· ement(anfrdo, mif m. thteereBstocaordupoonf s tahree a de n b d ~ ~ I t n u t r e e re s st. . not annexed, interest in terms of the debenture) upon . presentation of such debenture, on or after the due date thereof, at the place where the same is expressed to be made payable. And the holder of any coupon originally annexed to a debenture, and whether separated therefrom or not, shall be entitled to receive payment in like manner of the interest mentioned in such coupon upon presenta- tiol! of the same at the place where, and on or after the date when, interest is payable. . (5.) If default i3 made by the Board in making Provisions any payment whether of principal or interest (or of on dotanlt of interest and principal, as the case may be), to the holder payment. of any debenture or coupon, the following provisions shall take effect :- (i.) The holder of such debenture or coupon shall be entitled to m8,ke application to and pro- cure all necessary orders and directions from the Supreme Coud for the appointment of a Receiver, and such Court shall have power to make all such o; ~ deis for the appointment of a Receiver, or for his removal and the appoint- ment of another in his place, as may be neces- sary, ·and to make any orders and give any directions which such Court may think proper. And such Receiver shall be deemed to be an officer of such Court.

9816 WATER SUPPLY AND SEWERAGE. Water Supply and Sewerage Acts Amendment. 12 GEO. V. No. 2, (ii.) Subject to this Act, the Receiver shall have power to make, levy, and collect all rates and other moneys authorised to be made, . levied, or collected by the Board, and shall be entitled to receive all rates and revenues whatsoever payable to the Board; and for such purposes such Receiver shall be deemed to be the Board, and may exercise all the powers thereof. (iii.) The Receiver shall be entitled to such com- mission, payable out of the revenues of the Board, as remuneration for his services, as such Court may appoint. (iv.) The Heceiver shall, subject to any order of such Court, pay over all moneys received by him to such holder, or to a,nd among the holders of debentures or coupons of the same series as the debenture held by such holder, or to and among the holders of debentures or coupons or the registered holders of inscribed stock generally, in such order of priority or otherwise and in such proportions as the Court may think fit; and, if there is any balance in hand over and above the amount due and payable to him under this Act, the Receiver shall pay such balance to the Board. !-oans by the [ 850.] (1.) Where permission has beAn obtained from ~ !~ ~ ~ i~ ! d the Governor in Council to borrow money by the issue of stock. inscribed stock, the Board may raise the whole or any I\ . . ~ V portion of such sums by the issue of inscribed stock in ~ ~ , I\ . . j- \ . Queensland or elsewhere. . <;. f\..- (2.) Inscribed stock so issued shall be stvled "Brisbane Water Supply and Sewerage Inscribed Stock." A charge on (3.) Subject to this Act, such inscribed stock shall Breovaerndu. es of be issued at such time and in such manner as the Board may decide, and shall be a charge upon all the rates and revenues of the Board howsoever arising, subject to any prior inscribed stock or debentures issued under this Act. Such inscribed stock shall bear interest at the rate prescribed in the Order in Council. Inscribed stock purporting to be issued under the authority of this Act shall be deemed to have been duly issued, and the holder there<lf shall not be bound to inquire whether such issue was in fact duly authorised.

WATER SUPPLY AND SEWERAGE. 9817 1921. Water Supply and Sewerage Acts Amendment. (4.) All sums borrowed by the issue of such inscribed Loan when stock shall be repayable on the date or within the time to be repaid. mentioned in the said Order in Council. (5.) The Board, with the approval of the Governor Agreements. in Council, is hereby empowered from time to ·time to . enter into any a~ reement with any bank carrying on business in Queensland or elsewhere having for its object the carrying into effect of any of the provisions of this section. (6.) The Board, with the approval of the Governor in Regulations. Council, may from time to time make regulations for- (a) The inscription and issue of Brisbane Water Supply and Sewerag~ inscribed stock; (b) RegUlating transfers of such inscribed stock; (er Paying interest on such inscribed stock; (d) Issuing stock certificates and, as often as occasion requires, reinscribing stock and re- issuing such certificates'; (e) Conducting generally all business connected with such stock. All such regulations, on being published in the Gazette, shall be valid in laW'. (7.) If default is made by the Board in making any Provisions payment, whether of principal or interest (or of principal on defa~ t of and interest, as the case may be), to the registered holder paymen • of any such inscribed stock, the following provisions shall take effect:- (i.) Such holder shall be entitled to make applica- tion to and procure all necessary orders and directions from the Supreme Court for the appointment of a Receiver, and such Court shall have power to make all such orders for the appointment of a Receiver, or for his removal and the appointment of another in his place, as may be necessary, and to make any orders and give any directions which such Court may think proper. And such Receiver shall be deemed to be an officer of such Court. (ii.) Subject to this Act, the Receiver shall have power to make, levy, and collect all rates and other moneys authorised to be made, levied, or collected by the Board, and shall be entitled to receive ~ all rates and revenues j{

9818 WATE~ SUPPLY AND SEWERAGE. Water Supply and Sewerage Acts Amendment. 12 GEO. V. No. 28, whatsoever payable to the Board; and for such purposes such Receiver shall be deemed to be the Board, and may exercise all t.he powers thereof. (iii.) The Receiver shall be entitled to such commi8- sion, payable out of the revenues of the Board, as remuneration tor his services, as such Court may appoint. (iv.) The Receiver shall, subject to any order n£ such Court, pay over all moneys received by him to such holder, or to and among the registered holders of inscribed stock or deben- tUre holders generally, in such order of priority or otherwise and in such proportions as the Court mav think fit; and, if there is any balance in -hand over and above the amount due and payable to him under this Act, the Receiver shall pay such balanC'e to the Board." 12 Geo. V. An Act to Amend" The Metropolitan and Ipswich No. 28. METRO- Water Supply and Sewerage Acts, 1909 to POLITAN W'ATER 1918," in certain particulars, and for other SUPPLY AND SEWERAGE purposes consequent thereon. ACTS AMENDMENT [ASSENTED TO 14TH NOVEMBER, 1921.] ACT OF 1921. -BE it enacted hy the King's Most Excellent Majesty, . by and with the advice and consent of the ·Legis- , lative Council and Legislative Assembly of (lueensland in Parliament assembled, and by the authority of the same, as follows :- Amendment 1. (1.) In the title of *" The Metropolitan and Ipswich of titles, Water Supply and Sewerage Act of 1909," the words " and of the City of Ipswich and their environs," inserted therein by t" The, Metropolitan and I pswich Water Supply and Sewerage Acts Amendment Act of 1918," are repealed and the words "and its Suburbs" are inserted in lieu thereof. * 9 Edw. VII. No. 12, supra, page 7281. t 9 Geo. V. No. 18, 8upra, page R668.