City of Cork Act 1786

Such principal and interest may be paid into the bank.

XV. And be it further enacted by the authority aforesaid, That upon payment of the principal and interest due on any mortgage or mortgages, judgment or judgments, or other incumbrances as aforesaid, into the bank of Ireland, at the end of six months from such notice as aforesaid, for the use of the mortgagee or mortgagees, judgment creditors, or other persons entitled to said incumbrances as aforesaid, the cashier or cashiers of the said bank shall give a receipt for the said money, in like manner as is herein before directed in cases of payments into the said bank, and thereupon all the estate, right, title, interest, use, trust, property, claim, and demand of the said mortgagee or mortgagees, judgment creditors, and other persons entitled to said incumbrances, and of every person or persons in trust for him, her, or them, shall vest in the said commissioners, and they shall be deemed to be in the actual seizin or possession of the ferry or ferries comprized in such mortgage or mortgages, and to hold the same discharged and exonerated from said judgments and incumbrances as aforesaid, to all intents and purposes whatsoever.