Paterson v Karori Borough and Attorney-General - [1917] NZLR 675

Tramway — Special Loan and Special Rate — Payment of Interest out of Special Rate — Replacement Fund formed out of Income — Absence of Statutory Authority — Whether Ultra Vires — Tramways Act, 1908, Second Schedule, Clause 11 — Municipal Corporations Act, 1908, ss 72, 100, 101, 102, 103.