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Provision for redemption of superior interests in case of purchase of land by Congested Districts Board.
54 & 55 Vict. c. 66.
50 & 51 Vict. c. 33.
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2.—(1) Where the Land Commission have made an advance to the Congested Districts Board under sub-section (1) of section forty-three of the principal Act, and the land purchased by the Board is subject to any superior interest as defined by section thirty-one of the principal Act, or any incumbrance as defined by section thirty-four of the Land Law (Ireland) Act, 1887, the Land Commission may on the application of the Board exercise any powers for the apportionment and redemption of superior interests conferred on them by the Land Purchase Acts, and may direct that a sum of guaranteed land stock equivalent at the price of the day to the redemption price of the superior interest, or the amount due in respect of such incumbrance, as the case may be, shall be advanced and disposed of in like manner as if the advance were made to a tenant for the purchase of his holding, and the amount of such advance shall be repaid by the Board in the manner provided by sub-section (3) of the said section forty-three.
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