16 All feu duties, &c. made payable by company to be a first charge on the revenues of company.U.K.
All feu duties or ground annuals made payable under any such conveyance to such company shall be a first charge on the tolls and rates and other revenues of such company, preferable to all debenture and bond and mortgage debt and other debt of such company, anything in any Act of Parliament now in force to the contrary notwithstanding; and if at any time any such feu duties or ground annuals remain unpaid for thirty days after they respectively became payable, it shall be lawful to the person entitled for the time being to payment of such feu duties or ground annuals to recover the same from such company with interest and costs, by action in the Sheriff Court of the county within which the lands in respect of which such feu duty or ground annual is payable are locally situated F1. . .; and such feu duty or ground annual shall to all intents and purposes whatever be deemed and taken to be part and portion of the entailed estate, and subject to the destination and to all the conditions, provisions, and limitations, and to all the clauses prohibitory, irritant, and resolutive of the tailzie under which such estate is holden.
Textual Amendments
F1Words in s. 16 repealed (S.) (30.12.2002) by 2002 asp 17, s. 61, Sch. 3 Pt. 1 para. 6 (with s. 63)