Article 4
The [1821 c.cxv.] Act 1 & 2 Geo. IV entitled “An Act to alter and amend an Act of his late Majesty’s Reign, intituled An Act to enable his Majesty to vest the Sands of Traeth Mawr, dividing the Counties of Carnarvon and Merioneth, in William Alexander Madocks Esquire, and for building Quays and other Works, for the Purpose of facilitating the landing, loading and unloading of Ships and Vessels frequenting the Harbour of Port Madoc, in the said County of Carnarvon”.
The [S.I. 1974/1345.] Porthmadog Harbour Revision Order 1974.
Notwithstanding the repeal of enactments by this Order—
(a)all the estate, right, title and interest of the Council in and to all real and personal property vested in, or held by, the Council immediately before the commencement of this Order shall continue vested in, or held by, the Council subject and without prejudice to any charges, incumbrances or claims which may affect the same;
(b)all deeds, conveyances, grants, assurances, assignments, leases, purchases, sales, mortgages, bonds, covenants, agreements, securities and contracts and all working arrangements entered into or made and subsisting at the commencement of this Order and then in force, and all liabilities and obligations incurred before the commencement of this Order and, except where otherwise expressly provided in this Order, all the provisions of any enactment (other than the enactments so repealed) relating to the Council or the undertaking and in force at the commencement of this Order, shall continue to be binding and of as full force and effect in every respect against, or in favour of, the Council as they would or might have been against, or in favour of, the Council if this Order had not been made; and
(c)all mortgages and other securities granted or created by the Council before the commencement of this Order shall continue as valid and available against the Council and the undertaking as if this Order had not been made.