Reimburse ment of such Share holders, for entitled to any such Execution, at all reasonable Times, to inspect the Register of Shareholders, without Fee. 37. If by means of any such Execution, any Shareholder shall have paid any Sun of Money beyond the Amount then due from him in respect of Calls, he shall Execution forthwith be reimbursed such additional Sum by the Directors out of the Funds of the Company. amount of beyond Sum due from Borrowing Company And with respect to the Borrowing of Money by the Company on Mortgage or Bond, be it enacted as follows: 38. If the Company be authorized by the special Act to borrow Money on Mortgage or Bond, it shall be lawBond, under ful for them, subject to the Restrictions contained in limitations. the special Act, to borrow on Mortgage or Bond such Sums of Money as shall from Time to Time, by an Order of a General Meeting of the Company, be authorized to be borrowed, not exceeding in the whole the Sum prescribed by the special Act; and for securing the Repayment of the Money so borrowed, with Interest, to mortgage the Undertaking and the future Calls on the Shareholders, or to give Bonds in manner herein-after mentioned". Power to reborrow, after paying original loan. Evidence of Capital being paid up or of Authority to borrow. 39. If, after having borrowed any Part of the Money so authorized to be borrowed on Mortgage or Bond, the Company pay off the same, it shall be lawful for them again to borrow the Amount so paid off, and so from Time to Time; but such Power of reborrowing shall not be exercised without the Authority of a General Meeting of the Company, unless the Money be so reborrowed in order to pay off any existing Mortgage or Bond. 40. Where by the special Act the Company shall be restricted from borrowing any Money on Mortgage or Bond until a definite Portion of their Capital shall be subscribed or paid up, or where by this or the special Act the Authority of a General Meeting is required for such borrowing, the Certificate of a Justice that such definite Portion of the Capital has been subscribed or paid up, and a Copy of the Order of a General Meeting of the Company authorizing the borrowing of any Money, certified by One of the Directors or by the Secretary to be a true Copy, shall be sufficient Evidence of the Fact of the Capital required to be subscribed or paid up having been so subscribed or paid up, and of the Order for borrowing Money having been made; and upon Production to any Justice, of the Books of the Company, and of such other Evidence as he shall think sufficient, such Justice shall grant the Certificate aforesaid. Mortgages tion and 41. Every Mortgage and Bond for securing Money Form of borrowed by the Company shall be by Deed under the and Bonds: Common Seal of the Company, duly stamped, and Considerawherein the Consideration shall be truly stated; and Stamp. every such Mortgage Deed or Bond may be according to the Form in the Schedule (C.) or (D.)" to this Act annexed, or to the like Effect. Mortgagees, of Bonds, gard to 42. The respective Mortgagees shall be entitled one Rights of with another, to their respective Proportions of the Tolls, in proportion Sums, and Premises comprised in such Mortgages, and to amounts of the future Calls payable by the Shareholders, if com- without reprised therein, according to the respective Sums in such priority. Mortgages mentioned to be advanced by such Mortgagees respectively; and to be repaid the Sums so advanced, with Interest, without any Preference one above another by reason of Priority of the Date of any such Mortgage, or of the Meeting at which the same was authorized. Application 43. No such Mortgage (although it should comprise Calls; future Calls on the Shareholders) shall, unless expressly of, notwithso provided, preclude the Company from receiving and standing applying to the Purposes of the Company any Calls to be made by the Company. Mortgages. 44. The respective Obligees in such Bonds shall, pro- Rights of portionally according to the Amount of the Monies under Bonds, Form of Mortgage Deed, Schedule C, p. 117. Obligees without preference for priority. Register of Mortgages and Bonds secured thereby, be entitled to be paid, out of the Tolls or other Property or Effects of the Company, the respective Sums in such Bonds mentioned, and thereby intended to be secured, without any Preference one above another by reason of Priority of Date of any such Bond, or of the Meeting at which the same was authorized, or otherwise howsoever. 45. A Register of Mortgages and Bonds shall be kept by the Secretary, and within Fourteen Days after the to be kept; Date of any such Mortgage or Bond, an Entry or Memorial, specifying the Number and Date of such Mortgage or Bond, and the Sums secured thereby, and the Names of the Parties thereto, with their proper Additions, shall be made in such Register; and such inspection. Register may be perused at all reasonable Times by any of the Shareholders, or by any Mortgagee or Bond Creditor of the Company, or by any Person interested in any such Mortgage or Bond, without Fee or Reward. and to be open to Transfers of Mortgages and Bonds; consideration, and stamp. Transfers of and Bonds to to Company, 46. Any Party entitled to any such Mortgage or Bond may from Time to Time transfer his Right and Interest therein to any other Person; and every such Transfer shall be by Deed duly stamped, wherein the Consideration shall be truly stated; and every such Transfer may be according to the Form in the Schedule (E.) to this Act annexed", or to the like Effect. 47. Within Thirty Days after the Date of every such Mortgages Transfer, if executed within the United Kingdom, or be produced otherwise within Thirty Days after the Arrival thereof for registry in the United Kingdom, it shall be produced to the Secretary, and thereupon the Secretary shall cause an Entry or Memorial thereof to be made in the same Manner as in the Case of the original Mortgage; and after such Entry, every such Transfer shall entitle the Transferee to the full Benefit of the original Mortgage or Bond in all respects; and no Party, having made Or Clerk; §3: see note in p. 63. b Form of Transfer of Mortgage or Bond, Schedule E, p. 118. try, Company such Transfer, shall have Power to make void, release, or discharge the Mortgage or Bond so transferred, or any Money thereby secured; and for such Entry the Fee. Company may demand a Sum not exceeding the prescribed Sum, or where no Sum shall be prescribed, the Sum of Two Shillings and Sixpence; and until such Until regisEntry the Company shall not be in any Manner respon- not responsible to the Transferee in respect of such Mortgage. 48. The Interest of the Money borrowed upon any Interest on such Mortgage or Bond shall be paid at the Periods Monies borappointed in such Mortgage or Bond,-and if no Period periods of be appointed, half-yearly,-to the several Parties entitled in preference thereto, and in preference to any Dividends payable to to dividends. the Shareholders of the Company. sible to Transferee. rowed: payment, and Interest to be of Money 49. The Interest on any such Mortgage or Bond Transfers of shall not be transferable, except by Deed duly stamped. stamped. 50. The Company may, if they think proper, fix a Repayment Period for the Repayment of the Principal Money so borrowed; borrowed, with the Interest thereof; and in such Case the Company shall cause such Period to be inserted in the Mortgage Deed or Bond; and upon the Expiration Time: of such Period, the Principal Sum, together with the Arrears of Interest thereon, shall, on Demand, be paid to the Party entitled to such Mortgage or Bond; and if Place. no other Place of Payment be inserted in such Mortgage Deed or Bond, such Principal and Interest shall be payable at the principal Office or Place of Business of the Company. of Money Time fixed: 51. If no Time be fixed in the Mortgage Deed or Repayment Bond for the Repayment of the Money so borrowed, borrowed the Party entitled to the Mortgage or Bond may, at the where no Expiration, or at any Time after the Expiration, of Twelve Months from the Date of such Mortgage or Bond, demand Payment of the Principal Money thereby secured, with all Arrears of Interest, upon giving Six on Six Months previous Notice for that Purpose; and in the Months like Case, the Company may at any Time pay off the either party. Money borrowed, on giving the like Notice; and every Notice by Service of Interest to piration of off Mortgage such Notice shall be in Writing or Print, or both, and if given by a Mortgagee or Bond Creditor shall be delivered to the Secretary or left at the principal Office of the Company, and if given by the Company shall be given either personally to such Mortgagee or Bond Creditor, or left at his Residence, or if such Mortgagee or Bond Creditor be unknown to the Directors, or cannot be found after diligent Inquiry, such Notice shall be given by Advertisement in the London or Dublin Gazette, according as the principal Office of the Company shall be in England or Ireland, and in some Newspaper as after mentioned. 52. If the Company shall have given Notice of their cease on Ex- Intention to pay off any such Mortgage or Bond, at a Notice to pay Time when the same may lawfully be paid off by them", or Bond. then at the Expiration of such Notice all further Interest shall cease to be payable on such Mortgage or Bond, unless, on Demand of Payment made pursuant to such Notice, or at any Time thereafter, the Company shall fail to pay the Principal and Interest due, at the Expiration of such Notice, on such Mortgage or Bond. Arrears of when to be Appointment of a Receiver: 53. Where, by the special Act, the Mortgagees of the Company shall be empowered to enforce the Payment of the Arrears of Interest, or the Arrears of Principal and Interest, due on such Mortgages, by the Appointment of a Receiver, then if within Thirty Days after the Interest accruing upon any such Mortgage has become payable, and after Demand thereof in Writing, the same be not paid, the Mortgagee may, without Prejudice to his Right to sue for the Interest so in arrear in any of the Superior Courts of Law or Equity, require the Appointment of a Receiver, by an Application to be made as herein-after provided; and if within Six Months and Interest, after the Principal Money owing upon any such Mortgage has become payable, and after Demand thereof in Writing, the same be not paid, the Mortgagee, without Arrears of |