Dundalk Harbour and Port Act, 1925

Mortgages under Act of 1855 to have priority.

59.—All mortgages heretofore granted by the Commissioners under the authority of the Act of 1855 or otherwise, and all interest due or to accrue due thereon, and all judgment or other debts of the Commissioners shall extend to, and be considered as extending to all tolls and sums of money by this Act authorised to be levied and received by the Commissioners for the execution of this Act, with such and the like priorities as the said mortgages or other securities now have by law over and upon the tolls, and sums of money and other property under the Act of 1855; and all debts created under this Act for the purpose of paying off such existing debts and liabilities shall during the continuance thereof have priority over any other mortgages to be created by virtue of this Act, and all parties entitled to such mortgages shall have the same respective priority over each other as they have or would have had under the said recited Act if the same had not been repealed.