Page:Ruffhead - The Statutes at Large - vol 8.djvu/156

 122 ^'33' Anno tricefimo Georgii 11. A.D. 1757; nient of the Sums fo borrowed, with fuch Intereft, at fuch Times, and with fuch Provifoes and Condi- tions of Redemption 2s fhall be agreed on, lb as the Intereft for fuch Monies do not exceed the Rate of live Pounds per Co/iitm per Annu7n. ?.tcr*gage5 moy XXII. And it is hereby further enafted. That the faid Mortgages and Mortgage-monies fliall and may be be afiigne*): aflignabk or tiani.ferrable, by Indorfement on the original Grant or Security thereof, or otherwife, without Stamp, to any Perfon or Perfoiis whatlbever ; and the Perfon or Perfons to whom fuch Transfer or Aflign- ment fhail b^ made, fhall from and after the Time that the fame is entered in a Book or Books to be kept for that Purpofe for each refpedtive Diftridl, be well and fuiHciently intitled to fuch Mortgage-monies and Intereft, and all the Monies due and to grow due thereon, which Entry is hereby required to be made upon Requtft, and producing fuch Aflignment, and paying two Shillings and fix Pence for every fuch iLntry. AncAffignm'nts XXIII. And it is hereby further enacSled, That fuch Affignee or Affignees, and every After-affignee irar-sfeired. and Aflignces {hall and may in like Manner, by Indorfement or otherwife, v/ithout Stamp, aflign and make over fuch Mortgage or Mortgages, and Mortgage-monies, fo afTigned as aforefaid; and io toties quo-' ties as Occafion fhall recjuire, every fuch Aflignment being entered in fuch Book as aforefaid. The Sums to be XXIV. Provided always, and be it further enabled by the Authority aforefaid, That no more than the torrowed in eaih refpeiftive Sunis following (hall be borrowed or owing at any one Time upon the Credit or Security of K-fp^aive Di- the Taxes or AiTeftments in tlie faid refpedive Diftridts; that is to fay, In the firft Diftrift, feven hun- ^ dred and fifty Pounds; in the fecond Diftrift, two hundred Pounds; in the third Diftricfl, three hundred Pounds; in the fourth Diftri<ft, fix hundred Pounds; in the fifth Diftriit, three hundred Pounds; and in the fjxth Diftrift, two hundred Pounds : And that the Taxes or AllefTments in each refpecStive Diftrift, fhall not, during the Time any Principal or Intereft-monies fhall be due on the Security thereof, be lefs than the refpedtive Sums herein before authorized to be rated, charged and affefled on fuch Diftridts ; and that when no Principal or Intereft-monies fhall be due or owing, fuch Taxes or Affeffments fhall not ex- ceed, in any one Year, the refpedtive Sums following; that is to fay. In the firft and fourth Diflridts, eight Pence for every Acre; in the fecond and third Diftridts, two Shillings for every Acre; and in the fifth and fixth Diftricffs, one Shilling for every Acre, Taxes to be Se- XXV. Provided always, and it is further enaded and declared. That the Taxes or AfTeffments within curity for Mo- ^j^g f^ij refpective Diftridts, fliall be charged and chargeable with the Payment of the principal Money fo mes orrowe. ^^ ^^ borrowed by the Commiffioners for fuch Diftridts refpedtively. and the Intereft of fuch Money, from Time to Time; and fhall veft in the refpedtive Creditors, upon Default of Payment of fuch Principal and Intereft, until the fame fhall be fully paid and fatisfied, together with the Cofts and Charges occafi- oned by the Non-payment thereof; and the faid Creditors, their Executors, Adminiftrators and Afligns refpedtively, fhall have the fame Powers, Rights and Privileges of aftefling, raifing and recovering the fe- veral Taxes or Affeffments payable by the feveral Owners and Occupiers of Lands and Grounds within fuch Diftridts refpedtively, for and in Rcfpedt of fuch Principal Money and Intereft, in cafe of Default of Payment thereof, as the faid Commiflioners and their Colledtors could have had, in cafe fuch Principal and Intereft had been regularly and fully fatisfied and paid. Applifationof XXVI. And it is hereby further enadted, That all the Taxes or Affeffments which fhall be rated, the Monies. charged and raifed by Virtue of this Adt, in each of the faid Diftridts, and the Monies borrowed on the Credit of fuch Taxes or Affeflmcnts refpedtively, fhall be applied and expended in defraying fuch Pro- portions of the Expences of obtaining this Adt as is herein after-mentioned, and in making, performing, eredting, providing and maintaining the Works for draining, imbanking and preferving the Lands in each Diftrict refpedtively, and in executing and performing fuch other Works as by this Adt are diredted or authorized to be done and performed by the refpedtive CommiiTioners for fuch Diftridts, and in defraying the other necelfary Expences of executing this Adt, and in Difcharge of the Principal and Intereft of the Monies borrowed in Relation to and upon Account of every fuch Diftridt refpedtively; and to no other Ufe or Purpofe v/hatfoever. Chiigesofthe XXVIl. And be it further enadted by the Authority aforefaid. That the Charges and Expences of ob>- p.€t to be paid in taining this Adt fhall be, in the firft Place, fully paid and fatisfied out of the Taxes or Affeflrnents to be equal Parts by jaifed within the faid refpedtive Diftridts, or the Monies to be borrowed on the Credit thereof, in equal eatfaDinnft, Parts and Proportions ; that is to fay. One fixth Part of all fuch Charges and Expences fhall be paid out of the Taxes or Affeflments, or Monies borrowed on the Credit thereof, in each of the faid fix Diftridts, AnnualMeetiiigs XXVIII. And be it further enadted by the Authority aforcfaid. That once in every Year, to wit, on (or pafiing Ac- the firft Monday in July for the firft Diftridt; on the firft Tuefday in "July for the fecond Diftridt; on the cowoH. fjr^ Wednejday in 'July for the third Diftridt; on the firft Thurfday in July for the fourth Diftridt; on the firft Friday in July ibr the fifth Diftridt; and on the firft Saturday in July for the fixth Diftridt; the Com- miflioners for the laid refpedtive Diftridts fhall affemble; and the Commiffioners fo refpectively affembled Ihail, together with fuch Proprietors of Lands in the faid Diltricts as fhall then attend, infpect the Re- tt ipt and Expenditure of the Monies which fhall have been raifed by virtue of this Adt, within or in Re- ligion to fuch refpedtive Diftridts, for the Space of one whole Year then laft paft; and all Accounts rela- ting to the fame fli'.ll be then made up and Icttled by the laid Commiffioners and Proprietors, or the ma- jor Part of them fo aflcmblcul; and at i'uch refpedtive Meetings, the feveral Collectors or Receivers of the 'I'axfs or AfleHment?. in eacii of the faid Diftridts, are hereby required to attend with the Books of Ac- toijn*^s of their Receipts and Difl)urfcm^nts, and all Vouchers for the fame; and upon Conlideration and Exauiiiuiion of fuci Accounts, and of all other Accounts of the Receipt and Expenditure of the Mo- llies