Dublin Improvement Act 1849

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Application of District Sewer Rate.

CXIV. And be it enacted, That all Monies which shall come to the Hands of the Council from the said Rate, or which shall be raised by any Mortgage or Security thereof granted by the Council, shall be applied and disposed of as follows:

Firstly, in paying the Interest of all Monies borrowed and which shall be from Time to Time due and owing on the Credit of the said Rate;

Secondly, in setting apart and appropriating One Twentieth Part thereof in Payment off of the Principal Monies which shall have been borrowed or secured on the said Sewer Rate;

Thirdly, in building and repairing Sewers within the Limits of this Act;

And lastly, in paying off the Principal of all Monies due on the Credit of the said Rate.