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1 & 2 Will. 4 c. 33.
6 & 7 Will. 4 c. 108.
Commissioners may receive applications for loans from companies without bond.
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10. And whereas, under the Public Works (Ireland) Act, 1831, and the Public Works (Ireland) Act, 1836, all persons, save as therein excepted, to whom advances may be made for the use of any person or persons, body or bodies politic or corporate, or company or companies, in Ireland, or for any other purpose, under the provisions of said Acts, are required, besides the securities in each case respectively therein directed to be taken before any advance shall be made in respect of any loan under the provisions of the said Acts or of either of them, to make and enter into, or cause some sufficient persons or person, to the satisfaction of the said commissioners, to make and enter into, a bond or obligation in writing to the secretary for the time being of the said commissioners, together with a warrant of attorney for confessing judgment thereon, binding the obligors or obligor therein named, their, his, or her heirs, executors, or administrators, in such penalty as the said commissioners should direct, conditioned to be void, as in the said Acts mentioned: And whereas it may be convenient that such bond and warrant of attorney should be dispensed with in the case of bodies politic or corporate, or incorporated societies or companies: Be it enacted, that it shall be lawful for the said commissioners, when they shall think fit, to receive applications for and make any loan or advance, under the provisions of the said recited Acts or this Act, to or for the use or in aid of any body or bodies politic or corporate, or incorporated society or company, without requiring such bond or warrant of attorney to be made or entered into as aforesaid; and the said commissioners may, if they shall think fit, in lieu thereof require such security, under the seal of any such body politic or corporate, or incorporated society or company, for the due application of the money advanced, as they shall think fit; and the said commissioners shall amend the regulations established by them under the said Acts accordingly.
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