Galway Harbour Act, 1935

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Appointment of receiver.

50.—(1) Without prejudice to any other powers which he may have by law or by agreement with the Board the holder of any security given in respect of money borrowed under this Act may enforce payment of arrears of interest or principal or principal and interest due on his security by obtaining from the High Court the appointment of a receiver.

(2) In order to authorise the appointment of a receiver in respect of arrears of interest or principal or principal and interest the amount owing to the mortgagee by whom the application is made shall not be less than five hundred pounds in the whole.