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Power for Railway Company to borrow Money of Public Works Loan Commissioners.
Security to be made as Treasury shall direct.
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V. And be it enacted, That it shall be lawful for the said Railway Company at any Time or from Time to Time to borrow of the said Public Works Loan Commissioners any Sum or Sums of Money not exceeding in the whole the Sum of Five hundred thousand Pounds, and to mortgage, convey, assign, and assure to the Secretary for the Time being of the said last-mentioned Commissioners, or as they shall direct, all and every the Railways and Undertakings authorized to be constructed by the said recited Acts relating to the said Company, and the Works, Lands, Property, Chattels, and Effects of the Company connected therewith, and also the Canal, Lands, Property, Chattels, and Effects purchased or agreed to be purchased of the Royal Canal Company in the last-mentioned Acts or one of them particularly mentioned, and all Rates, Tolls, Profits, and Receipts accruing and hereafter to accrue to or for the Use of the said Railway Company, and all other Works, and Property of or to which the said Railway Company now is or hereafter may be seized, possessed, or entitled in any Manner howsoever, for securing the Repayment of any Sum or Sums of Money which shall be so borrowed as aforesaid, anything in the said Acts relating to the said Railway Company, or any Acts incorporated with or forming Part of any of the said Acts, to the contrary thereof in anywise notwithstanding; and such Securities for the Monies so to be borrowed may be made under such Conditions, and with such Stipulations and Provisions, as the said Commissioners of the Treasury shall direct, anything in the said Acts relating to the Said Company to the contrary notwithstanding.
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