Limerick Harbour Act, 1926

Borrowing powers.

10.—The Commissioners may from time to time borrow at interest from any person persons or corporation who may be willing to advance the same any sum not exceeding the sum of £200,000 on the credit of the tolls and income receivable or leviable by the Commissioners and other funds and properly vested in the Commissioners under this Act or any other Act and to secure the payment with interest of any monies to be borrowed by virtue of or under the provisions of this Act the Commissioners may assign the tolls income funds and property or any of them of the Commissioners to the person persons or corporation who shall advance or lend any such money or to any trustee for such person persons or corporation as a security for the payment of any money so to be borrowed with interest for the same.