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SECOND SCHEDULE.
Louth County Council (Borrowing Powers) Provisional Order, 1954.
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Section 2
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The Minister for Local Government in exercise of the powers conferred on him by article 22 of the Schedule to the Local Government (Application of Enactments) Order, 1898, hereby orders as follows:—
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1. This Order may be cited as the Louth County Council (Borrowing Powers) Provisional Order, 1954.
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2. The Council of the County of Louth may, in pursuance of article 22 of the Schedule to the Local Government (Application of Enactments) Order, 1898, borrow sums not exceeding in the aggregate fifty thousand pounds notwithstanding that at the time of the borrowing the total debt of the Council, after deducting the amount of any sinking fund, exceeds one-tenth of the annual rateable value of the rateable property in the County of Louth.
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3. This Order shall have effect as from the day on which the Act confirming this Order comes into operation.
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GIVEN under the Official Seal of the Minister for Local Government this Ninth day of December, One Thousand Nine Hundred and Fifty-four.
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PATRICK O'DONNELL,
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Minister for Local Government.
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