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Mortgages &c. on said ferries shall, upon the tender of the principal and interest due, be assigned over to said commissioners,
on refusal to make such assignment, interest shall cease.
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XIV. And be it further enacted by the authority aforesaid, That all and every person and persons who shall have any mortgage or mortgages on such ferry or ferries, or who shall have any judgment or judments, or other incumbrances upon the same, or any part thereof, shall on the tender and payment of the principal money and interest due thereon by the said commissioners, or the successors of them, or any five or more of them, or by such person or persons as they shall appoint, immediately assign such mortgage or mortgages, judgment or judgments, or other incumbrances to the said commissioners, or the successors of them, or any five or more of them, or to such person or persons as they the said commissioners, or the successors of them, or any five or more of them, shall appoint in trust for them; and in case such mortgagee or mortgagees, judgment creditors, or other person or persons entitled to said incumbrances, shall have notice in writing from the said commissioners, or the successors of them, or any five or more of them, that they will pay off and discharge the principal and interest which shall be due on the said mortgage or mortgages, judgment and judgments, and other incumbrances, at the end or expiration of six months, to be computed from such notice given, and that at the end of said six months, on payment of the principal and interest so due, such mortgagee or mortgagees, judgment creditors, or other persons entitled to the said incumbrances, shall refuse, neglect, or omit so to assign as aforesaid, on such tender or payment, then, and in such case, all interest on every such mortgage or mortgages, judgment or judgments, or other incumbrances as aforesaid, shall cease and determine.
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