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Insurance of houses for which loans have been made.
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3. When any loan is made under this Act, the Commissioners of Public Works may from time to time, if they think fit, insure against damage by fire all buildings charged with the repayment of such loan, in such insurance office, and for such sum as the Commissioners think fit; and all premiums paid on account of such insurance shall be deemed to be included in every charge and security whereby the repayment of such loan is secured, and shall be forthwith recoverable in like manner as any instalment of the rentcharge payable in respect of such loan.
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