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Power to Drainage Boards to borrow Money for the Purposes of this Act.
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33. It shall and may be lawful for every and any Drainage Board under this Act, from Time to Time as Occasion shall require, to contribute amongst themselves, or to borrow and take up at Interest of and from any Person who shall be willing to advance and lend the same, any Sum or Sums of Money required for defraying the Costs, Charges, and Expenses incurred or to be incurred by them in the Execution of any Works for the Drainage or Improvement of any Land, or otherwise, under or by virtue of this Act, and to include in such Loan Interest upon the Principal Sum which may be agreed to be paid during the Interval between such Loan and the making of the final Award relative to the Works for which such Loan may have been contracted; and the Repayment of such Sum or Sums of Money, with Interest at a Rate not exceeding Five Pounds per Centum per Annum, shall be secured to the Party lending the same upon the Monies accruing to the Drainage Board under or by virtue of the Award to be made as herein-after mentioned.
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