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Public Works Loans Act 1875

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  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 the Treasury.

    3. 6.The Public Works Loans Secretary

    4. 7. Securities given to and land and property vested in the Public Works Loans Secretary to vest in their successor.

    5. 8. Execution of conveyances, leases, &c., by the Public Works Loans Secretary on behalf of the Treasury.

  4. Objects, Terms, and Duration of Loan

    1. 9. Local loans.

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

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

    4. 12. Security for local loans.

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

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

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

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

  5. Recovery of Loans

    1. 18. Charge on property and priority of local loans by the Treasury.

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

    3. 20. Securities to be taken in name of the Public Works Loans Secretary.

    4. 21. Taking possession by the Treasury of property on default of payment.

    5. 22. Powers of the Treasury when in possession.

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

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

    8. 25. Sale and mortgage by the Treasury 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 the Treasury.

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

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

    14. 31. Bankruptcy of debtor.

    15. 32. Form of mortgage.

    16. 33. Recovery of debt on personal security.

    17. 34. Recovery of local 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 the Treasury in leases, sales, &c. of mortgaged property.

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

  7. Miscellaneous

    1. 41. Regulations by the Treasury.

    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 local loan, &c.

    7. 47. Notices may be served by post.

    8. 48. Notices to and by the Treasury.

    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

    2. SECOND SCHEDULE

      1. Form of Declaration

    3. THIRD SCHEDULE

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