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Power to borrow from bank.
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52.—The Board may for temporary purposes from time to time take and obtain at interest on the security of the Harbour revenue and funds and property of the Board or by deposit of title deeds or of other security from any bank or banking company credit on a cash account, to be opened and kept with such bank or banking company according to the usage of bankers in Ireland in the name of the Board or an officer to be appointed by the Board: Provided that of the moneys raised under this section the amount outstanding at any one time shall not in the aggregate exceed £2,000 unless the Board shall first have obtained the consent in writing of the Minister. The provisions as to mortgages contained in the Commissioners Clauses Act 1847 shall not apply to any advances made to the Board under this section.
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