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If Compensation by way of Annuity, the same to be secured by Bond.
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LVIII. And be it enacted, That any Compensation payable to any such Person aforesaid shall be secured to such Person by Bond or Obligation by the said Bodies Politic or Corporate, Boards, Commissioners, or Persons respectively liable to pay the same, in a sufficient Penalty, conditioned for the Payment to such Person, his Executors, Administrators, or Assigns, of such Compensation, with all Arrears thereof (if any) which shall have accrued due before the Date of such Bond; and such Bond or Obligation shall be, prepared and executed at the Expense of the said Bodies Politic, or Corporate, Boards, Commissioners, or Persons respectively, and shall be delivered to the Person entitled to such Compensation, as soon as conveniently may be after the Amount thereof shall have been determined by the Council of the Borough, or, in the event of Such Appeal as aforesaid, by Order of the said Commissioners of Her Majesty’s Treasury.
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