# Irish Church Act 1869, Section 52: Power of Commissioners to accept mortgages as security for a portion of purchase money.


Where the Commissioners sell any land or interest in land in pursuance of this Act, the Commissioners may credit the purchaser with such part of the purchase money, not exceeding three fourth parts, as they think proper, on having payment of the same, with interest at the rate of four per centum per annum, secured to the satisfaction of the Commissioners ; and any such purchase money may be made payable by half-yearly instalments, not exceeding sixty-four in number.

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Source: https://www.legislation.gov.uk/ukpga/Vict/32-33/42/section/52 (the official version)
Page: https://openlegislation.uk/irish-church-act-1869/section-52
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.