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Power to borrow on cash credit.
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16.—The Commissioners in exercise of their borrowing powers under this Act, may from time to time take from any bank or banking company credit on a cash account to be opened and kept with such bank or banking company according to the usage of bankers in Ireland in the name of the Commissioners or an officer to be appointed by them to the extent of the sum which they are by this Act authorised to borrow or any part thereof and may make and grant mortgages as aforesaid in security for the payment of the amount of such credit or of the sums advanced from time to time on such cash account with interest thereon.
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