|
|
Persons who have mortgages on said ferry, shall assign them to commissioners on tender of amount, &c. as herein.
|
XVI. And be it enacted, That all and every person and persons who shall have any mortgage or mortgages on such ferry, shall on tender by the said commissioners or their successors, or a quorum of them, of the principal, interest, and costs due on such mortgage or mortgages, immediately assign such mortgage or mortgages to the said commissioners, and their successors, or to such person or persons in trust for them, as they, or a quorum of them shall appoint; and in case the said commissioners, or their successors, or a quorum of them shall give six months notice in writing to such mortgagee or mortgagees, that they will at the end of the said six months pay and discharge the principal, interest, and costs due on the said mortgage or mortgages, and that such mortgagee or mortgagees, shall at the expiration of the said six months, refuse to receive the said principal, interest, and costs, the same being tendered to him, her, or them, or shall omit or neglect to assign to the said commissioners, and their successors, such mortgage or mortgages, then and in such case, all interest thereon shall from the day of such tender of payment absolutely cease and determine.
|
