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Mode of Payment of compounded Debt.
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7. The said Sum of Ten thousand Pounds shall be paid to the Commissioners of Public Works by an Annuity or annual Rentcharge of Four hundred and ten Pounds, including Principal and Interest, the same to be paid by equal half-yearly Instalments of Two hundred and five Pounds each, for a Period of Fifty Years, on every First Day of May and First Day of November in each Year, the first Payment to be made on the First Day of May One thousand eight hundred and sixty-eight, the said Annuity to be chargeable and charged upon the Harbour Rates, and upon all Lands and Property of the Galway Harbour Commissioners, of what Nature and Kind soever, and to be further secured by Presentment on the County of the Town of Galway as herein-after provided.
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