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CSA076962

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Letters Received, 1843-1899 [Municipal Council of Sydney]

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This item is no longer under copyright in Australia and is in the public domain. It may be used freely. When using or sharing this item attribution should be given to the City of Sydney Archives.

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Letter: Lennox & Cape ascertaining whether Council can legally sell City Corporation debentures as

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Unique IDA-00290928SeriesLetters Received, 1843-1899 [Municipal Council of Sydney]DateBetween 22nd September 1859 and 29th September 1859Date qualifierexactFormatVolume - HardcoverDescriptionLetter: Lennox & Cape ascertaining whether Council can legally sell City Corporation debentures as a discount, as part of the Act authorizing borrowing states that the rate of interest payable thereon shall not exceed 6% of the amount - re their negotiations to sell some £2000 to £3000 stock at the limit of 97,% as it would increase the rate of interest on the amount invested above 6%. [Note:29/9/59 City Solicitor for opinion:GS] LanguageEnglish (eng)Digitised recordYes

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Volume number42

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Source system ID26/42/898

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Letter: Lennox & Cape ascertaining whether Council can legally sell City Corporation debentures as