|
|
Harbour Commissioners may borrow Money for Graving Dock and to improve Harbour.
|
13. It shall be lawful for the Public Works Loan Commissioners, after the Execution of the said Deed or Instrument, at any Time to lend to the Harbour Commissioners any Sum of Money, not exceeding Twenty thousand Pounds, out of the Monies placed at their Disposal under the Second Section of the Act of the Twenty-ninth and Thirtieth Victoria, Chapter Seventy-two, by way of Annuity or otherwise, in accordance with the Provisions of the “Harbours and Passing Tolls Act, 1861,” for the Purpose of enabling the Harbour Commissioners to improve the said Port, and to construct a Graving Dock therein on any Lund belonging to the said Harbour Commissioners situate in the said Port, and it shall be lawful for the Harbour Commissioners to make such Improvements in the said Port, and to construct such Dock, and to take Land by Agreement for that Purpose: Provided that Working Plans and Sections and Estimates of such Improvements and Graving Dock shall previously to commencing the same have been submitted to the Board of Trade, and on the said Board granting a Certificate in Writing, from Time to Time, under the Hands of One of their Secretaries, that such Improvements and Graving Dock, or any or either of them, are properly devised, and that the Estimate of Expense is sufficient for the same, the Public Works Loan Commissioners may advance to the Harbour Commissioners the Sums stated in such Certificates respectively, not exceeding in the whole the Sum of Twenty thousand Pounds, and such Sum or Sums so advanced from Time to Time, or the Annuity or Annuities granted for the same, shall be a First Charge on the Harbour Rates authorized to be levied in the Port of Limerick under the “Limerick Harbour Act, 1867,” in priority to the said Annuity payable in respect of the said Sum of Fifty-five thousand Pounds or other less Sum as aforesaid.
|
