|
|
Advances to be made by instalments not exceeding one fifth of the entire sum to be advanced.
|
8. Every loan or advance to be made by the said commissioners of public works for any such last-mentioned works or improvements as aforesaid under the provisions hereof shall be made by instalments not exceeding at any one time one-fifth of the entire sum agreed to be advanced; and no second or subsequent instalment of any such loan shall be advanced until it shall have been proved to the satisfaction of the said commissioners that the preceding instalment has been properly expended on such works or improvement, pursuant to the application for such work approved by the said commissioners: Provided always, that no one instalment shall in any case exceed three hundred pounds.
|
