Drainage (Ireland) Act 1846

Monies received for such Fine, &c. to be applied in making Repayment.

XXXIX. And be it enacted, That any such Sum of Money which shall be received by the said Commissioners for or on account of such Fine or Premium, or for such Rent of such demised Premises, from Time to Time, shall be applied by the said Commissioners in discharge of the Loans or Monies borrowed for the Execution of such Works, with all Interest due thereon; and when the Amount of such Loans or borrowed Monies, with all Interest thereon, and the Coats and Expences of the Proceedings incidental to the Recovery of Monies expended in and about such Works and the making of such Lease or Demise as aforesaid, shall have been fully paid and satisfied, the said Commissioners shall and they are hereby required, by any Deed under their Hands and Seals, to convey and release all their Right, Title, and Interest in such demised Premises, subject to such Lease as aforesaid, and in the Rent reserved thereout, to the Person or Persons respectively who shall be then entitled to the Reversion expectant upon the said Lease.