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Provision with respect to loans obtained before 1st April 1902.
41 & 42 Vict. c. 52.
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8.—(1) Where, before the first of April one thousand nine hundred and two, any urban council have applied for the purposes of their district money obtained by them on loan, the Local Government Board may, if they think fit, authorise the repayment of the whole or any part of that money, with interest, out of any fund at the disposal of the council, or any rate which the council are authorised to make, or any money raised by reborrowing.
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(2) Any limit on the borrowing power of the council contained in subsection (2) of section two hundred and thirty-eight of the Public Health (Ireland) Act, 1878, or in any local Act, shall not restrict the borrowing of any sum authorised to be borrowed for the purposes of this section.
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