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Metropolitan Fire Brigade Act 1865
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- UK Public General Acts
- 1865 c. 90
- Expenses
- Section 21
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21Power to Board, with Consent of Treasury, to borrow not exceeding 40,000l.
The Board may, with the Consent of the Commissioners of Her Majesty's Treasury, borrow any Sum not exceeding Forty thousand Pounds, and apply the same for the Purposes of this Act; and all Powers contained in the Metropolis Local Management Acts authorizing the Board to borrow Money, or any Commissioners or Persons to lend Money to the Board, and all other Provisions as to the Mode of borrowing, the Repayment of Principal or Interest, or in anywise relating to borrowing by the Board, shall be deemed to apply and to extend to this Act in the same Manner as if the Monies borrowed in pursuance of this Act were Monies borrowed for the Purpose of defraying the Expenses of the Metropolis Local Management Acts, or One or more of those Acts. The Board shall apply the Monies received by them under this Act in liquidation of the Principal and Interest of the Monies so borrowed, but no Creditor shall be concerned to see to such Application, or be liable for any Misapplication of the Monies received or borrowed by the Board in pursuance of this Act.
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