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Nothing to prevent Owners applying for new Loans on the Security of Lands already improved.
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XXXV. And be it enacted, That nothing herein contained shall be construed to prevent any Owner of Land which shall have been improved under the Provisions of this Act from applying for a new Loan, nor to prevent the Commissioners of Public Works, with the Sanction of the Commissioners of the Treasury, as herein-before directed, from making any new Loan, under the Provisions of this Act, on the Security of Lands already improved, as often as it shall appear to them that any new Works proposed will effect (either immediately or prospectively) an Improvement in the annual Value of the Lands intended to be improved to an Amount exceeding the utmost annual Amount to be charged thereon under this Act in respect of the new Loan applied for; and that all the Provisions in this Act contained with respect to any first Application for a Loan, and the Proceedings thereon, shall apply to any Application for a fresh Loan in respect of Lands already improved under this Act.
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