sec.113Miscellaneous powers of primary thoroughfare body corporate

sec.113 Miscellaneous powers of primary thoroughfare body corporate

The primary thoroughfare body corporate may do any of the following— invest any moneys held by it in any manner permitted by law for the investment of trust funds or in any prescribed investment; borrow moneys and secure the repayment thereof and of any interest in such manner as may be agreed upon by the primary thoroughfare body corporate and the lender; enter into an agreement for the provision of amenities or services by it or any other person to any land or to the proprietor or occupier thereof; enter into an agreement with the principal body corporate for the provision of amenities or services by the primary thoroughfare body corporate or any other person to any land within the residential precincts or to the proprietor or occupier thereof; acquire and hold any personal property to facilitate the carrying out of its duties; employ staff to perform its functions. s 113 amd 2004 No. 53 s 2 sch ; 2009 No. 26 s 21

• (a) invest any moneys held by it in any manner permitted by law for the investment of trust funds or in any prescribed investment;
• (b) borrow moneys and secure the repayment thereof and of any interest in such manner as may be agreed upon by the primary thoroughfare body corporate and the lender;
• (c) enter into an agreement for the provision of amenities or services by it or any other person to any land or to the proprietor or occupier thereof;
• (d) enter into an agreement with the principal body corporate for the provision of amenities or services by the primary thoroughfare body corporate or any other person to any land within the residential precincts or to the proprietor or occupier thereof;
• (e) acquire and hold any personal property to facilitate the carrying out of its duties;
• (f) employ staff to perform its functions.