|
In case of Loan by the Commissioners of Public Works, they may make Award.
|
46. In case any such Loan shall have been made to any Drainage Board by the Commissioners of Public Works as aforesaid, then and in such Case it shall be lawful for the Commissioners, on the Completion of the Works in the District within the Period mentioned in the Order of the Commissioners, or within such further Period as the Commissioners may have appointed for the Completion of the said Works, or in case the Works in any District shall not be completed within either of the Periods aforesaid, then at such Time as the Commissioners shall think proper, they shall make an Award for the Purpose of ascertaining the Proportions in which the several Lands within such District shall be chargeable with the Repayment of such Loan by the Commissioners, together with Interest on the same from the Date of such Advance until the Date of such Award; and such Award shall be called “The-District Repayment of Public Advances Award,” and shall describe, by Reference to Maps, Plans, or otherwise, the Land or River in respect of which such Award shall have been made, and shall specify the several Lands, and Quantities belonging to the reputed Proprietors respectively of such Land, and the Amount of such Loan and Interest as aforesaid, and all other Expenses incurred by the said Commissioners in respect thereof, in pursuance of the Provisions of this Act; and such Award shall specify the Principal Monies advanced by the Commissioners, and Interest thereon at the Rate of Four Pounds per Centum per Annum from the respective Dates of such Advances; and such Consolidated Sum of Principal and Interest shall by such Award be apportioned amongst the respective Proprietors in such District, and on their Lands respectively; and such Awards shall specify the respective Amounts of the gross Sums of Money and the Rentcharges payable in respect of such Loan, Interest, and Expenses as aforesaid, which shall be charged upon the said several Parcels or Portions of Land as aforesaid, regard being had to the Circumstances of the Case, and the Degree of Benefit conferred or expected to be conferred upon the said several Lands by the said several Works within the said District; and the like Proceedings in all respects shall be had with regard to the said last-mentioned Award as are herein-before directed of and concerning the aforesaid Award to be made after the Completion of the Works within any District, called District Apportionment of Expenses Award.
|