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Commissioners to take Security for due Application of the Money.
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XXVIII. And be it enacted, That it shall be lawful for the said Commissioners of Public Works, either before or after any Advance on account of any Loan under this Act shall be made, to require and take such Security, by Bond or otherwise, as they may think right, from every or any Person to whom any such Loan may be agreed to be made as aforesaid, or who may become entitled to receive any Part thereof, or from any other Person jointly with or on behalf of any such Person, such Security to be conditioned to apply the Monies advanced or to be advanced to and for the Purposes specified in the Plan, Specification, and Estimate from Time to Time approved of by the said Commissioners, and to no other Purpose whatsoever, and also well and truly to account to the said Commissioners for the Application of the Monies to be from Time to Time advanced by the said Commissioners, and also to lay before such Commissioners, whensoever required, such Statements and Reports of the Works for which such Loan may have been made as the Commissioners shall think fit, so as all such Works be completed within such Period as may, previously to making any such Loan or Advance, be fixed by the said Commissioners, or within such further Period as they may fix from Time to Time, such Periods not exceeding in the whole Three Years from the Date of the first Advance on account of any such Loan.
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