New South Wales Consolidated Acts New South Wales Consolidated ActsTo provide funds for the purchase or acquisition of such land, and the erection, construction, and maintenance thereon of the said buildings, yards, and works, and the improvement and alteration thereof, it shall be lawful for the council, without any authority other than this Act, to borrow any sum of money not exceeding three thousand pounds, at a rate of interest not exceeding eight per centum per annum, by debentures or otherwise secured upon a mortgage of the said land, with all usual covenants and powers of sale, and also upon the rates, fees, and tolls to be levied at or in connection with the said sale-yards, or at other sale-yards as hereinafter provided, and also if the council shall deem expedient so to do, upon the general revenue of the municipality, from whatever source arising: Provided that the proceeds to arise from such rates, fees, and tolls, and all other profits accruing from the use of, or in connection with, the said sale-yards and premises received by the council, shall, after payment of all current expenses incident to the maintenance, conduct, and management of such buildings, yards, and premises, be appropriated in or towards payment of the principal sum so borrowed, and any interest thereon accrued, and an account to be called “Cattle Sale-yards Fund” shall be kept by the council.