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Borrowing and repayment of monies borrowed for emigration. 1 & 2 Vict. c. 56.
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27. The repayment of all and every such sums and sum of money so borrowed shall be from time to time secured by a charge on the said rates respectively by a debenture, made out in such form as the Poor Law Commissioners shall direct, under the seal of such guardians or persons, as the case shall require, which shall carry interest after such rate or rates as in every such charge shall be specified; and every person having any right or interest to, in, or under any such charge (save only and except the said Exchequer Bill Loan Commissioners) may from time to time, by endorsement thereon or otherwise, assign his or her said right or interest therein to any other person or persons, upon first giving notice in writing of such assignment to the guardians or persons appointed or authorized to act as guardians of the said union, and thereupon such assignee or assignees, and his or their representatives or assigns, shall be entitled to stand in the place of the person assigning the same, and in respect of such right or interest: Provided always, that the sums or sum of money so to be borrowed and charged upon any electoral division or divisions as aforesaid, and remaining outstanding and unpaid, in respect of the emigration of poor persons resident or relievable within any such electoral division or electoral divisions respectively, shall never exceed in the whole the amount or proportion of eleven shillings and eight-pence in the pound of the clear yearly value of the rateable property situate or arising within the electoral division or respective divisions the rates whereof shall have been so charged with the repayment thereof, and that any sum or sums of money so borrowed and charged upon the union at large as aforesaid, and remaining outstanding and unpaid, in respect of the emigration of poor persons resident in and redevable by the union at large, shall never exceed in the whole the amount or proportion of two shillings and four-pence in the pound of the clear yearly value of the rateable property situate or arising within such union; and the sums or sum of money so to be borrowed shall be repaid by annual instalments, each instalment being not less than one seventh part of such sums or sum respectively, and the first of such instalments to he so repaid at or before the end of one twelvemonth next after the day whereon such sums or sum shall have been first advanced, and that for the purposes aforesaid it shall be lawful for the guardians or persons appointed or authorized to act as guardians of such union to provide for the repayment of such annual instalments out of the rate or rates levied in the said union under the authority of the Acts for the relief of the poor in Ireland.
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