URBAN COUNCILS ACT 261. 262. 263. 264. 265. 266. Chapter 29:15 Application to Supreme Court on point of law. Procedure upon completion of proceedings in relation to objections to valuations. Advertisement of valuation roll. Correction of valuation roll. Amendment of rating zones. Pending application not to interfere with decision of valuation board and pending objection not to interfere with supplementary valuation. 267. Valuation roll may not be challenged or set aside. PART XIX 268. 269. 270. 271. 272. 273. 274. 275. 276. 277. 278. 279. 280. 281. 282. 283. RATING OF PROPERTY Interpretation for purposes of Part XIX. Rateable property. Property exempt from rates. Determination of exemption from rates. General rate. Special rate. Notice of rate and interest. Abatement of rates and payment by instalments. Payment or refund of rate on supplementary valuation roll. Payment or refund of rate on alteration or correction of valuation roll. Rate to be assessed on valuation in valuation roll. Liability to pay rate. When two or more owners liable to pay rate proportionately. Legal proceedings for recovery of rates. Certificate required for transfer of property. Writing-off of rates. 284. 285. 286. 287. 288. 289. 290. 291. 292. 293. 294. 295. 296. 297. 298. 299. 300. 301. 302. 303. 304. 305. 306. 307. PART XX FINANCIAL PROVISIONS, AUDIT, LOANS AND ACCOUNTS Interpretation in Part XX. Financial year. Books and accounts. Books and records to be prima facie evidence. Estimates. Banking account. Borrowing powers. Short-term borrowing. Salaries of permanent employees to be met from revenue. Security for loans. Illegal borrowing. Repayment of loan. Sinking fund. Consolidated loans fund. Capital development fund. Revenue reserves. Estates account. Housing account. Investment of moneys. Writing-off of bad debts. Appointment of auditors. Council’s duties and production of accounts to auditor. Auditor’s duties and auditor’s report. Council’s duty re accounts and auditor’s report. 308. 309. 310. 311. 312. 313. 314. 315. PART XXI GENERAL Copy of Act, regulations and by-laws to be available for inspection. Minister to be furnished with reports, etc. Furnishing of particulars of owners, lessees and occupiers. Inquiries by the Minister and appointment of investigators. Hearing of objections and appointment of board. Minister may give directions on matters of policy. Minister may reverse, suspend, rescind resolutions, decisions, etc. of councils. Minister’s power to direct certain actions and elimination of deficit. 7

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