Public Works (Ireland) Act, 1831

and over such prior securities if four fifths in value of the parties holding them consent.

43. Provided always, that in every case in which four fifths in value of the persons holding prior mortgages, assignments, or other securities on such canals, roads, railways, or works, in respect of which application shall be made for any advance under the provisions of this Act, shall agree and signify their consent in writing that a priority over the securities held by them respectively shall be given to the commissioners for the purposes of this Act, then and in such case the mortgages, assignments, or other securities given by the body politic or corporate, or company of proprietors, or parties or persons interested in any such canal, road, railway, or work, to the secretary of the said commissioners for the time being, shall have priority over the claims of all persons holding the like securities, as well such as have not agreed or assented to such priority as of those who have so agreed as aforesaid, any thing contained in any Act or Acts of Parliament relating to any such canal, road, railway, or work as aforesaid, or any thing contained in any mortgage, assignment, or other security given to any such parties respectively, to the contrary notwithstanding.