10AAWaterworks

10AA Waterworks

[Section 10AA Inserted by No. 28 of 1960, s. 2 ]

(1)  Where the Board has established waterworks for the supply of water to a group of holdings, the Governor may, on the request of the Board –

(a) by proclamation –

(i) define the boundaries of the group of holdings and declare the lands within those boundaries to be a water district;

(ii) name that water district; and

(iii) declare the source of supply of that district for the purposes of this section; and

(b) by letters patent, create and incorporate a board of trustees for the waterworks and provide for their appointment or election.

(2)  Upon the issue of the instruments mentioned in subsection (1) of this section –

(a) the Waterworks Clauses Act 1952 shall apply in respect of the waterworks as if –

(i) this Act were the special Act for the purposes of that Act; and

(ii) the board of trustees were the undertakers authorized to construct the waterworks and to take water from the declared source of supply for the supply of the water district;

(b) the Board may convey to the board of trustees all its rights in the waterworks; and

(c) the board of trustees shall, upon the conveyance of the Board's rights, pay to the Board the value of those rights as determined by the Minister by such instalments, at such times, and with such interest as he directs to be provided in the conveyance.

(3)  *[Section 10AA Subsection (3) inserted by No. 40 of 1969, s. 2 ]*The Treasurer may, on behalf of the Crown, guarantee repayment of moneys borrowed by boards of trustees for the purposes of this section.

(4)  *[Section 10AA Subsection (4) inserted by No. 40 of 1969, s. 2 ]*The Board may out of moneys available for the purposes of this Act lend money to boards of trustees for the purposes of this Act.

(5)  *[Section 10AA Subsection (5) substituted by No. 30 of 1995, s. 3 and Sched. 1 ]*To secure payment of money given under a guarantee under or lent under , a board of trustees may give a charge over its revenue.