New Zealand Acts

WAIMAKARIRI HARBOUR ACT 1946 - SECT 10

10 Accounts

1 All moneys received or receivable by the Council pursuant to the purpose of this Act, or in respect of any land or other property which is by this Act vested in the Corporation, shall be placed to the credit of a separate account to be known as Waimakariri Harbour Account.

2 One-third of the rent received from the buildings known as Hansens Buildings which have become vested in the Corporation under section 6 , shall, for a period of 9 years commencing on 1 April 1958, be utilised exclusively as a fund for the rebuilding and replacement of the said Hansens Buildings.

3 From the funds in the Waimakariri Harbour Account payment shall be made of the costs and expenses of collecting, receiving, and administering the same, and any costs incurred in connection with the promotion and passing of this Act, and the maintenance and improvement of any such lands or property as aforesaid, and all costs, charges, administrative, working, and other expenses which, but for this Act, would have been borne and paid by the Board.

4 The administrative expenses payable by the Corporation out of the Waimakariri Harbour Account shall not in any 1 year exceed one-third of the income thereof.

History: Section 10(2): replaced (with effect on 1 April 1958), on 22 October 1959, by section 23 of the Local Legislation Act 1959 (1959 No 92).