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Securities given to commissioners to have priority over other chages, except securities to bona fide creditors previously existing;
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42. All such mortgages, assurances, assignments, and other securities as may be made by any bodies politic or corporate, trustees, commissioners, companies, or persons or parties as aforesaid, to the said commissioners for the execution of this Act, for the purpose of securing the repayment, with interest, of any advances made by the said commissioners, shall have priority over and shall precede all other securities, and all dividends, or division of profit or interest upon any sums lent, advanced, or contributed for the carrying on or completing of any such canal, road, railway, or work, save and except such sums as shall have been theretofore advanced by way of loan, and for securing of which said precedent advances, mortgages, assignments, or other assurances or securities shall have been previously given and executed to any person or persons bonâ fide creditors, and entitled as such to the repayment of the principal money advanced by them, as well as interest thereon, any thing contained in any Act or Acts of Parliament, charter, or deed of settlement relating to any such canal, road, railway, or work, in aid or respect of which any such advance may have been or shall be made under the provisions of this Act, or any estate or interest of such body politic or corporate, company, proprietors, commissioners, or trustees, or parties or persons as aforesaid, to the contrary in anywise notwithstanding.
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