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Said tolls may be conveyed of assigned for 21 years to persons who advance money thereon, as herein,
subject to redemption.
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XXXV. And be it enacted by the authority aforesaid, That the said commissioners, or their successors, or any five or more of them, shall or may, and they are hereby empowered from time to time, by writing under their common seal, and to be signed by five or more of said commissioners, or their successors, to convey or assign the said tolls or duties, or any part or parts thereof, the costs and charges whereof are to come, and be paid out of such tolls or duties for any term not exceeding twenty-one years, to secure the repayment of any sum or sums of money by them to be advanced to the said commissioners, or their successors, for the purpose of enabling them to purchase such ferry or ferries, and for the other purposes of this act, to such person or persons, or their trustees, as shall advance or lend the same, together with an annuity in lieu of interest, not exceeding the rate of eight pounds by the hundred for such sums as shall be advanced on the credit of said tolls or duties, such conveyance or conveyances to be subject to redemption upon payment of the sums so advanced, together with such annuity or annuities as aforesaid; and the sum or sums so advanced, shall be applied and disposed of for the purchasing of such ferry or ferries, and for the other purposes of this act; and the person so lending and advancing upon the credit of the said tolls appointed by virtue of this act as aforesaid, shall not be answerable or accountable for the application, or non-application of said money or monies so lent or advanced; and it shall be necessary on any suit or controversy whatsoever, relative to the sum so lent or advanced, for such person or persons so lending or advancing as aforesaid, to prove only the advancing and payment of the same to the said treasurer; and in all cafes where any notice or process out of any court of law or equity relative to this act, shall be necessary to be served on the said commissioners, service of the same on the treasurer appointed by the said commissioners under this act, shall be deemed good and sufficient to all intents and purposes.
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