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Terms on which Power may be exercised.
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42. If within Seven Days after the Interest accruing upon any Mortgage Debenture has become payable, and after Demand thereof in Writing made upon the Company by the Person entitled thereunto, such Interest be not paid, or if within Three Weeks after the Principal Money secured by any Mortgage Debenture has become payable, and after Demand thereof in Writing made as aforesaid, such Principal Money be not paid, the Person at the Time entitled to the Receipt of such Interest or Principal respectively may apply for the Appointment of a Receiver, as herein-after provided.
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