The Borough operated using all its borrowing powers. Its accounts were conducted in the name of its treasurer. The accounts were properly audited. A burgess complained at the payment of the interest on the loan accounts to the treasurer for payment to the banks.
Held: That the accounts had been audited did not stay such an action. There was nothing in the Act to make th eaudit binding on the Burgesses.
Judges:
Farwell J
Citations:
[1906] 2 Ch 106, [1906] 75 LJ Ch 612, (1906) 70 JP 368, (1906) 54 WR 499, [1906] 22 TLR 446, [1906] 50 Sol Jo 405, [1906] 4 LGR 549
Statutes:
Municipal Corporations Act 1882
Jurisdiction:
England and Wales
Cited by:
Cited – Helena Partnerships Ltd v HM Revenue and Customs CA 9-May-2012
The company had undertaken substantial building works and sought associated tax relief. The court was asked whether, following a change in the company’s memorandum and articles of association, the company, a registered social landlord, remained a . .
Lists of cited by and citing cases may be incomplete.
Local Government
Updated: 15 May 2022; Ref: scu.464220