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Power to charge land enfranchised with compensation money, &c
44 & 45 Vict. c. 41.
21 & 22 Vict. c. 94.
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23. It shall be lawful for the owner of any land enfranchised under the Copyhold Acts, although his estate may be only a limited estate, to charge the land enfranchised with the compensation money paid for such enfranchisement, and also with the expenses attending such enfranchisement, or with any part thereof respectively, with interest thereon not exceeding five pounds per centum per annum, or by way of terminable annuity calculated on the same basis. Any and every such charge may be by deed by way of mortgage with, under, and subject to the provisions of the Conveyancing and Law of Property Act, 1881, and shall be a first charge on the land, and shall have such priority as by the thirty-third section of the Copyhold Act, 1858, is assigned to the charges there expressed to be first charges; and any moneys already invested or previously secured or charged on such land may be continued on the security of the same, notwithstanding the imposition of the said charges under the Copyhold Acts. Any company now authorised to make advances for works of agricultural improvement to owners of settled and other estates, may, subject and according to the provisions of their respective Acts of Parliament, charters, deeds, or instruments of settlement, make advances to owners of settled and other estates of such sums as may be required for the payment of any consideration or compensation for commutation or enfranchisement under the existing or any future Copyhold Acts, or of any expenses chargeable upon a manor or land under the same Acts or otherwise, and to take for their repayment a charge for the same in accordance with the provisions of their respective Acts of Parliament.
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