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All persons receiving advances, except grand juries and corporations, &c., for carrying on works under authority of Parliament or of lord lieutenant, to enter into security by bond to his Majesty for the performance of conditions imposed by commissioners.
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18. All and every person and persons, save as herein-after excepted, to whom advances may be made for the use of any person or persons, body or bodies politic or corporate, or company or companies, in Ireland, or for any other purposes, under the provisions of this Act, shall, besides the securities in each case respectively herein-after directed to be taken, previously enter into security by writing obligatory to our sovereign lord the King, in such penal sum or sums of money as shall be directed by the commissioners for the execution of this Act, by such form of words as obligations to the King’s Majesty have been used to be made, for the full performance of such conditions to be thereunder written as by such commissioners shall be deemed proper; and such commissioners shall have power and authority to take and cause such writing obligatory to be made and entered into; and all such obligations to be so made shall be good and effectual in law to all intents and purposes as any obligation made to our sovereign lord the now King, or his predecessors, or any of them, hath at any time heretofore been or now is adjudged, received, or taken to be, any law, usage, or custom to the contrary notwithstanding; provided that it shall not be necessary to take or require any such security in case of loans or advances made to any grand jury, or corporation or company, or commissioners, directors, or trustees for carrying on any work or works under authority of Parliament or of the lord lieutenant.
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