Drainage (Ireland) Act 1842

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Loans may be transferred.

CI. And be it enacted, That every Person who shall be entitled to the Money secured by any such Certificate may transfer his Right and Interest to the said Principal Sum and Interest Money thereby secured to any Person by Writing, duly stamped, wherein the Consideration shall be truly stated; and every such Transfer may be in the following Words, or Words to the like Effect:

Form of Transfer.

‘I [or We] A.B. of in consideration of the Sum of to me this Day paid by C.D. of do hereby transfer a certain Certificate of Charge made by the Commissioners for the Execution of an Act passed in the Year of Her Majesty Queen Victoria, intituled [here set forth the Title of this Act], to bearing Date the Day of for securing the Sum of and Interest, and all my Right and Title to the Principal Money thereby secured, and now remaining due thereon, and to all the Interest Money now due or hereafter to become due, unto said C.D., his, her, or their Executors, Administrators, Successors, or Assigns [as the Case may be]. Given under my Hand and Seal this Day of’.

Which Transfer shall be produced and certified to the Secretary for the Time being of the said Commissioners before the Party holding the same Transfer shall be entitled to receive any Principal or Interest due or owing as aforesaid; and every such Secretary shall make an Entry amongst the Records of the said Commissioners of the Particulars of every such Transfer, and sign the same.