Section VI Surveyors enabled to engage the Profits of the Toll for Monies borrowed for 15 Years at £6 per Cent.
Money borrowed to be distributed by Quarter Sessions.
And forasmuch as the Moneys soe to bee collected by such Receipt of the said Toll will not att present raise such a Stock or Summe of Money as may bee sufficient for the speedy repaireing of the premisses Itt is hereby further enacted That the said Surveyors or the more part of them for the tyme being are hereby enabled by Order of the said Justices to bee made at the Quarter Sessions and not otherwise to engage the Profitts ariseing by the said Toll for such Summe X1and Summes of Money by them to bee borrowed for that purpose, and by Indenture under the Hands and Seales of the said Surveyors for the tyme being or the more part of them to transferre the said Profitts of the said Toll and to grant and convey the same for any Tyme or Terme not exceeding Fifteene yeares unto any person or persons that shall or will upon that Security advance any present Summe or Summes of Money soe lent with Interest for the same after the rate of Six pounds per Centum per Annum for every Hundred pounds which said Money soe to bee advanced shall bee distributed by the Justices att the Quarter Sessions in the Proportions and for the Purposes aforesaid and not otherwise.
Annotations
Editorial notes
- X1
Variant reading of the text noted in The Statutes of the Realm as follows: or O. [O. refers to a collection in the library of Trinity College, Cambridge]