London to Harwich Roads Act 1695

VI. Surveyors, or major Part of them, under Order of Quarter Sessions, may borrow Money on the Tolls;

or a £6 per Cent. per Ann. Interest.

And forasmuch as the Moneys so to be collected by such Receipt of the said Toll will not att present raise such a Stock or Su[m]m of Money as may be sufficient for the speedy-repairing of the Premisses Itt is hereby further enacted That the said Surveyors or the more part of them are hereby enabled by Order of the said Justices to be made att the Quarter Sessions and not otherwise to engage the Proffitts ariseing by the said Toll for such Su[m]m or Su[m]ms of Money by them to be borrowed for that purpose and by Indenture under the Hands and Seales of the said Surveyors for the time being or the more part of them to transferr the said Proffitts of the said Toll and to grant and convey the same for any time or terme not exceeding Fifteene Yeares unto any Person or Persons that shall or will upon that Security advance any present Su[m]m or Su[m]ms of Money so lent with Interest for the same after the Rate of Six Pounds per Cent[um] per Annum for every Hundred Pounds which said Money so to be advanced shall be distributed by the Justices att the Quarter Sessions in the Proportions and for the Purposes aforesaid and not otherwise.