River Owenmore Drainage Act, 1926

Repayment of moneys advanced by Commissioners.

10.—(1) The final award shall operate and be expressed to charge on the county fund the advance by the Commissioners and the interest thereon and the annual sum of five hundred and fifty pounds payable under this Act in discharge of the said advance and interest.

(2) The county council shall pay to the Commissioners in full satisfaction and discharge of the advance by the Commissioners and the interest thereon the annual sum of five hundred and fifty pounds commencing on and from the 1st day of April next after the date of the final award and continuing for forty years from that date and to be paid by equal half-yearly instalments on every 30th day of September and 31st day of March in those forty years, the first of such half-yearly payments to be made on the 30th day of September next after the commencement of the said annual sum.

(3) The said annual sum of five hundred and fifty pounds shall be paid out of the moneys raised by the county council by means of the drainage rate and, if and so far as such moneys are not sufficient, out of the county fund, and if and so far as the said annual sum of five hundred and fifty pounds is not so paid the same may be recovered by the Commissioners from the county council by action at law.

(4) All moneys received by the Commissioners from the county council on foot of the said annual sum of five hundred and fifty pounds shall be paid into or disposed for the benefit of the Exchequer by the Commissioners in such manner as the Minister for Finance shall direct.