Takapuna Borough v Australian Mutual Provident Society - [1916] NZLR 256

Local Bodies — Special Loan — "For the Improvement of Roads in the Borough" — Special Rate as Security for Loan — Circular to Ratepayers that Special Rate not to be levied — Approval of Ratepayers at Poll — Subsequent Resolution of Council to pay Interest and Sinking Fund from General Fund — Validity of Proceedings — Negotiations for Loan — Offer to lend subject to Solicitors' Approval — Acceptance by Borough Council — Whether a concluded Contract — Local Bodies' Loans Act, 1913, as 8–10, 19, and 21 — Municipal Corporations Amendment Act, 1910, s 21.