Public Works Loans Act 1875

1. Introductory Text

2. Preliminary

   1. 1. Short title.

   2. 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   3. 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3. Public Works Loan Commissioners

   1. 4. Constitution, &c. of Public Works Loan Commissioners.

   2. 5. Powers, &c. of Commissioners.

   3. 6. Officers and their salaries and expenses.

   4. 7. Securities given to and property vested in secretary to vest in his successor.

   5. 8. Execution of conveyances, leases, &c., by secretary on behalf of Commissioners.

4. Objects, Terms, and Duration of Loan

   1. 9. Loans for public works.

   2. 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   3. 11. Term of years for repayment of loan.

   4. 12. Security for loans.

   5. 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   6. 14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   7. 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   8. 16, 17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5. Recovery of Loans

   1. 18. Charge on property and priority of loan by the Commissioners.

   2. 19. Charges on rate of loan and loan not to be repudiated by locality having had the benefit of it.

   3. 20. Securities to be taken in name of secretary.

   4. 21. Taking possession by Commissioners of property on default of payment.

   5. 22. Powers of Commissioners when in possession.

   6. 23. Powers in relation to rate where default made.

   7. 24. Liability of Commissioners after taking possession or in default of payment.

   8. 25. Sale and mortgage by Commissioners of mortgaged premises.

   9. 26. Purchaser not liable to see to the validity of sale or application of money.

   10. 27. Terms of lease, sale, or mortgage.

   11. 28. Application of money arising on taking possession, sale, mortgage, &c. by Commissioners.

   12. 29. Payment of loan before it is due, and transfer of security for all or part of loan.

   13. 30. Discharge of security and revesting of property on repayment of loan.

   14. 31. Bankruptcy of debtor.

   15. 32. Form of mortgage.

   16. 33. Recovery of debt on personal security.

   17. 34. Recovery of loan after the expiration of term for repayment.

6. Supplemental Provisions as to Loans and Securities

   1. 35. Security for completion of works partly finished or not commenced.

   2. 36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   3. 37. Suspension of payment of principal and interest.

   4. 38. Change of security.

   5. 39. Concurrence by Commissioners in leases, sales, &c. of mortgaged property.

   6. 40. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7. Miscellaneous

   1. 41. Regulations by Commissioners.

   2. 42. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   3. 43. Accounts.

   4. 44. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   5. 45. Authority, and laying before Parliament Treasury warrants.

   6. 46. Receipt for money payable on account of loan, &c.

   7. 47. Notices may be served by post.

   8. 48. Notices to and by Commissioners.

   9. 49. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   10. 50. Application of Act to loans under special Acts.

   11. 51. Definitions.

8. Temporary Provisions and Repeal

   1. 52. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   2. 53. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   3. 54. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   4. 55. Reference in Acts to repealed Acts.

   5. 56. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   6. 57. Repeal of Acts.

9. SCHEDULES

   1. FIRST SCHEDULE

      1. . . . . . . . . . ....

   2. SECOND SCHEDULE

      1. Form of Declaration

         1. I,A.B.,do hereby declare that according to the best of my...

   3. THIRD SCHEDULE

      1. . . . . . . . . . ....