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Security for repayment of loan by order of Commissioners, &c.
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5. The repayment of every loan which shall be made under the provisions of this Act shall be secured by an order of the said Commissioners of Public Works, under their common seal, and if they require it by the further security of at least three persons, the sufficiency and solvency of which persons shall be made out to the satisfaction of the said Commissioners; such security to be subject to such conditions as the said Commissioners shall deem to be proper; and every such order shall set forth the amount of such loan, the names of the persons to whom or on whose application and on whose security the same has been made, and a description of the lands or premises charged therewith.
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In all cases where the said Commissioners shall have made any such order they shall execute a duplicate thereof, under their common seal, and forthwith cause the said duplicate order to be lodged with the registrar of deeds in the office for registry of deeds in the city of Dublin, and the registrar of the said registry office, his and their assistants, deputies, and other officers, shall register the same in the same manner as any deeds or instruments are registered in said office, and shall enter a memorial thereof in the abstract books and indexes of or relating to memorials registered and kept in the said office, and shall return such registry in any search made in such registry office: Provided always, that no fees shall be payable in respect of such registration.
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