|
|
For paying off Wide Street Debts.
|
IV. ‘And whereas the said Commissioners for making wide and convenient Ways, Streets, and Passages in the City of Dublin, under the Provisions of several Acts relating to the same, hereby repealed, have borrowed from the Lords Commissioners of Her Majesty’s Treasury and from the National Insurance Company of Ireland large Sums of Money on the Credit of the Rates and Assessments established and vested in them by virtue of the said Acts, and for securing the Repayment, of the said Monies and the Interest thereon the said Commissioners of Wide Streets have granted Mortgages on the said Rates: And whereas the said Commissioners of Wide Streets have from Time to Time paid off certain Portions of the Sums so borrowed, together with the Interest due thereon, leaving the Sum of Twenty-one thousand two hundred and sixty-three Pounds Twelve Shillings still due and owing to the said Lords Commissioners of Her Majesty’s Treasury, and the Sum of Eighteen thousand five hundred Pounds still due and owing to the said National Insurance Company: And whereas it is expedient to provide for the Payment of such Debts, by making the same a Charge upon the Rates to be levied under the Provisions of this Act:’ Be it therefore enacted, That the said Mortgages and Securities for Money which before the Commencement of this Act were duly given and legally payable from and out of the Rates which the said Commissioners of Wide Streets were under the Provisions of the said recited Acts, hereby repealed, entitled, to raise and levy, shall, together with all Interest due and to accrue due thereon, be chargeable on and paid by the Lord Mayor, Aldermen, and Burgesses of Dublin out of the Rates authorized to be levied and collected under the Provisions of this Act, and the said Lord Mayor, Aldermen, and Burgesses shall discharge such Portions of the Principal Monies so due as aforesaid, with all Interest payable thereon, and also upon the Principal Monies remaining unpaid, at such Times and in such Manner as has heretofore been lawfully done by the said Commissioners of Wide Streets, in compliance with the Obligations contained in the Mortgages and Securities herein-before mentioned, and shall be recovered from the said Lord Mayor, Aldermen, and Burgesses in like Manner as the same might have been recovered from the paid Commissioners of Wide Streets if this Act had not been passed.
|
