Waterworks Loan Act 1872 (SA)

ANY0 TRICESIMO QUINTO

A. D. 1872.

No. 4.

An Act to provide for the raising Additional f i nds for the Water

Supply of the Suburbs qf the City o j Adelaide.

[Assented to, 12th March, 187'2.1

HEREAS it is expedient to provide the sum of Twenty-five Preamble.

W Thousand Pounds for the completion of thc reservoir and	works authorized to be constructed by the uWatcrworlrs Act, 1868,"
and " The Adelaide Suburban Waterworks Act, 1870-71"-Re it
therefore Enacted by the Governor of the Provincc of South Aus- tralia, with the advice and consent of the Legislative Council and House of Assembly of the said Province, in this present Parliament assembled, as follows:

1. This Act may be cited and referred to, for a11 purposes, as Short title O ~ A C ~.

" The Adelaide Waterworks Beservoir Loan Act, 1872."

said Province from time to time to issue bonds, not exceeding in $25,000. 2. I t shall be lawful for the Treasurer for the time being of the Treaeurer to raise

the whole the sum of Twenty-five Thousand Pounds, .for such amounts as he may deem expedient, and such bonds shall be in the

form followir~g, that is to say-

N 0. % NO. 2 Form of bond.

South Australian Government Securities.

I, the Treasurer of the Province of South Australia,

in consideration of the sum of Pounds, paid

to me for public purposes, do hereby bind myself to

pay to the holder for he time being of this present

D obligation,

39' VICTORIB, No. 4.

The Addaide Waterworks Reservoir Loan A c t. 1 8 7 2.

obligation, the sum of Pounds, and interest thereon after the rate of Five Pounds per cent. per annum; such interest to be payable on the first day of January and the first day of July in every year, and the principal to be paid on the first day of 3

in the year one thousand hundred and

Sealed with my seal. Dated the day of

one thousand cight hundred and

Signed, sealed, and delivcrcd, in

the presence of'

NOTE.-Iaterwt and Principzcb payable at the Treasury in

A delaide, South Australia [or in London, or in any

other agreed placc to be declared at the time of issue at such place as may be appointed by notice to be given in the South Australian Government Gazette and in the Londolz Gazette].

Bonds to bear interest

at five per cent.

3. The said bonds shall bear interest at the rate of Five Pounds

per centum pcr annurn, and the interest and principal upon such

bonds shall be payable and paid to the holder thereof, at such place

When payable,

and time as may be specified or provided thereip: Provided that

the principal shall not be payable or paid before the expiration of twenty-five ycars, and thc time appointed for payment thereof shall not extend beyond fifty years.

Bonds to be sold.

4. The Treasurer shall muse cveq bond issued under this Act, to

be sold for the best price, not being below par, thac can be obtained

for the same.

Money raised by

bonds, how applied.

5. All sums of money raised and received by the Treasurer upon

the security of the said bonds shall be carried by the said Trcasurer

to the credit of the Commissioner of Public Works for the com-

pletion of the said reservoir, and other works connccted therewith, authorized by "The Waterworks Act, 1868," and " The Adelaide

Suburban Waterworks Act, 1870-71," to be constructed, and shall be by him paid to the said Commissioner, in such amount and manner as the Governor, by any warrant under his hand, may from time to time authorize and direct.

Sums to be set apart

annually fur payment

6. The said Trcasurer shall, and is hereby required, in each and authority hereof, until the whole of the amounts so raised, and all interest thereon, shall have been duly paid, to set apart such sum as

of principal and in-

every year from the first raising of any sums of money under the

terest.

shall suffice to pay the amount of bonds redeemable during such

year, together with interest upon a11 bonds which shall then bear interest, and shall apply such sum in payment of such bonds and interest as aforesaid, in manner specified in such bonds.

Governor may ad-

vance moneys, to be 7. The Governor may, from time to time, by warrant under his

repaid. hand,

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The Adetaide Waterworks Reservoir Loan A c t. 1 8 7 2.

hand, authorize the Treasurer to advance and pay to the said Comnzissioner, for the purposes of this Act, any sums of money not exceeding in the whole the sum herein authorized to be raised; and -any sums of money so advanced and paid shall be retained by the Treasurer out of any moneys raised by him under authority hereof.

8. The Commissioner shall in each year cause an account in Allnun1 account to bc

abstract to be prepared of the whole recGPt and expenditure of all .ioner, ,,d publiehed made up by Commie-

moneys advanced to him, for the purposes of this Act, for the year in Q ( t ~ t t e.

preceding, under the several distinct heads of receipt and expenditure, with a statement of the balance of such account, duly audited and certified by thc Auditor-General; and n copy of such account shall, on or before the thirty-first day of March, in each year, be published in the South Australian Goverrzment Gazette.

In the name and on behalf of the Queen, I hercby assent

to this Act,

JARfES FERGUSSON, Clovernor.

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Adelaide : By authority, W. C. Cox, Government Printer, North-term~.