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COMMISSIONERS CLAUSES ACT 1847 - SECT 81

Repayment of money borrowed at a time and place agreed upon.

81. The commissioners may, if they think proper, fix a period for the
repayment of all principal monies borrowed under the provisions of this or the
special Act, with the interest thereof, and in such case the commissioners
shall cause such period to be inserted in the mortgage deed or assignation in
security; and upon the expiration of such period the principal sum, together
with the arrears of interest thereon, shall, on demand, be paid to the party
entitled to receive such principal money and interest, and if no other place
of payment be inserted in such deed such principal and interest shall be
payable at the office of the commissioners.


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© 1847 Crown Copyright

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