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Certificate of presentment to be deemed an application for advance; and commissioners, after like proceedings as in cases of other applications, may make advance on credit of presentment
Money advanced shall be paid to treasurer of county, who shall furnish accounts of the expenditure thereof, &c.
and issue his warrants for levying sums to repay the advances.
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25. When and so soon as any such presentment as aforesaid shall have been duly certified to the commissioners for the execution of this Act by the acting clerk of the crown, the same shall be taken to be an application for a loan or advance under this Act; and it shall and may be lawful for the said commissioners for the execution of this Act, upon the delivery to them of such and the like plan, map, estimate, and specification, as herein-before required to be delivered by any person or persons, body or bodies politic or corporate, company or companies, making application for any advance, and upon and after such advice and consideration as afore directed in case of applications generally under this Act, and by and with the sanction of the Treasury, to be first had and obtained as aforesaid, to make any advance upon the credit of such presentment, and to fix and determine the amount of the instalments by which repayment is to be made, and the rate of interest to be paid on the advances made, subject to the limitations in respect thereof contained in the said presentment and in this Act; and all such money advanced under authority of this Act, on the credit of any grand jury presentment, shall be delivered or paid to the treasurer of the county, county of a city or town, for which the same shall have been made, and shall be accounted for by him in like manner as any other monies by him received for the use of such county or place, and all securities given or to be given by him or in his behalf shall extend to such money; and such treasurer shall also, from time to time and at all times when thereunto required by the said commissioners for the execution of this Act, furnish to the said commissioners as they may direct an account of all his disbursements and receipts in respect of such advances, and shall prepare the warrant which he is herein-before directed to prepare for the levying of the sums to be raised for payment of the principal of and interest on the advances made by the said commissioners, in pursuance of the order and directions of the said commissioners, certified to him by their secretary.
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