Excerpt from Acts of Parliament and Other Documents Relating to the Glasgow Corporation Waterworks: With Explanatory Notes and Cases &C., The Several Acts Incorporated Therewith, and Index
The Notes and Index have been prepared, and the whole of the Acts and other Documents carefully collated, by my assistant, Mr. Bowers.
Since the present volume was completed, the Corporation have Obtained an Act entitled The Glasgow Corporation Loans Act This Act comes into operation on 1st Jan., 1884, from and after which date the present system under which the Water Commissioners, and the other statu tory Commissioners therein specified, borrow separately the sums which they are respectively authorised to borrow, will be discontinued, and the Corporation will thereafter continue on loan, or borrow, all the moneys which may from time to time be required by the several Commissioners, and lend the same to these Commissioners under the provisions Of the Act.
From and after the commencement of the Loans Act all the obligations of the Water Commissioners and the other Commissioners therein specified, with respect to the payment of interest on mortgages, and the repayment of the principal moneys borrowed by them, will be transferred to and performed by the Corporation. Provision is also made by the Act for payment into The Corporation Loans Fund, of the prices which may from time to time be received by the several Commissioners, upon the sale of any surplus lands and heritages belonging to them respectively, and as to the manner in which such prices, when so put into that fund, are to be dealt with.
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