PART VIII
So
Return to the Governor.
s.199
(2) Where any sum is borrowed by the Council for the
purpose of meeting expenditure on the construction of new, or
the extension or alteration of existing, works forming or to
form part of an undertaking of a revenue-producing character,
it shall be lawful for any annual provision required to be made
by the Council for the repayment of the sum so borrowed to be
suspended for such period (not being longer than the period
during which the expenditure remains unremunerative, or the
period of five years from the commencement of the financial year
next after that in which the expenditure commences to be incurred,
whichever is the shorter) and subject to such conditions as the
Governor may determine.
81.- (1) The clerk of the Council shall, within one
month after being requested so to do by the Governor, transmit
to the Governor a return showing the provision made by the
Council for the repayment of moneys borrowed by the Council.
(2) The return shall show such particulars, shall be made
up to such date and shall be in such form, as the Governor may
require, shall be certified by the Municipal Trasurer, and shall,
if so required by the Governor, be verified by a statutory
declaration made by that officer.
(3) If it appears to the Governor from any return made
under this section or otherwise that the Council
(a) have failed to pay any instalment or annual or
other periodical payment required to be paid, or
(b) have failed to appropriate to the discharge of any
loan any sum required to be so appropriated: or
(c) have failed to set apart any sum required for a
sinking fund: or
(d) have applied any portion of a sinking fund to a
purpose other than those authorized;
the Governor may by order direct that such sun as is specified
in the order, not exceeding the amount in respect of which
default has been made, shall be paid or applied in the manner
and by the date set out in the order, and the Council shall
(47)
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