Land Act, 1927
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Provisions as to rent charges under the Shannon Electricity Act, 1925. |
48.—(1) Where any land subject to a rent charge created under section 14 of the Shannon Electricity Act, 1925 , is sold under the Land Purchase Acts the rent charge shall not be redeemed out of the purchase money of the land on the sale thereof under the said Acts, but such land shall continue to be subject thereto notwithstanding any provision of the Land Purchase Acts or a Vesting Order made thereunder. | |
(2) An annuity charged on any lands in respect of any advance made under the Land Purchase Acts whether before or after the passing of the Shannon Electricity Act, 1925, shall have priority over any rent charge on the same lands created at any time under section 14 of the said Act. |