New South Wales Consolidated Acts

MOORE-STREET IMPROVEMENT ACT OF 1890 - SECT 4

4 Publication of notification of improvement and contents thereof &c

Before the Council shall commence to carry out such improvement, or shall resume any land for that purpose under the authority of this Act, the Council shall publish in the Gazette, and in two daily newspapers, published in Sydney, during four successive weeks, a notification, in which shall be stated the nature of the said improvement, and that a plan showing the extent and position of the improvement area within which the owners of property liable to the City Rate will be contributors to the special improvement rate hereinafter mentioned, together with a list of the names of such owners, so far as the same can be ascertained, have been deposited at the Town Hall with the Town Clerk for inspection, free of charge, by any person interested therein; and such notification shall also give a detailed estimate of the cost of the said improvement, including the cost of the acquisition of land necessary for carrying out the same, the amounts of, and dates of making, the repayments necessary to defray the whole cost thereof, together with interest at a rate not exceeding four pounds per centum per annum, and the period (not to exceed one hundred years nor to be less than fifty years in any case) over which such repayments will be spread, and the respective proportions, subject to the provisions hereinafter contained, in which the owners of property within the said improvement area, and the City Fund shall defray such cost, as aforesaid, shall also be specified in such notification. Provided that any owner may within such period make any repayment for which he is liable with interest at four pounds per centum per annum to the date of repayment.