Local Government (Rates on Agricultural Land) Act, 1924
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Powers of borrowing. |
4.—(1) A county council shall be authorised to borrow for the purposes of this Act. | |
(2) Money borrowed for the purposes of this Act shall not be reckoned as part of the total debt of a county council for the purpose of any enactment limiting their powers of borrowing. | ||
(3) A loan borrowed under this section shall be repaid within such period not exceeding seven years from the 31st day of March, 1925, as the county council may, with the consent of the Minister, determine. | ||
(4) The sums required to repay the amount of the loan borrowed under this section shall be raised and levied by means of the poor rate off the agricultural land in the county. | ||
(5) Where a county council makes default in the payment of any sum payable in respect of a loan borrowed under this section, the Minister may, on complaint being made to him by the person to whom such sum is payable and after notification to the county council concerned, direct that the amount of such sum shall be deducted from the amount payable to the county council out of the agricultural grant and the sum so deducted shall be paid to such person in discharge of such sum; provided that this enactment shall be without prejudice to the guarantee fund under the Purchase of Land (Ireland) Act, 1891 . |