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COMPANIES CLAUSES CONSOLIDATION ACT 1845 - SECT 44

Rights of obligees.

44. The respective obligees in such bonds shall, proportionally according to
the amount of the monies secured thereby, be entitled to be paid, out of the
tolls or other property or effects of the company, the respective sums in such
bonds mentioned, and thereby intended to be secured, without any preference
one above another by reason of priority of date of any such bond, or of the
meeting at which the same was authorized, or otherwise howsoever.


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© 1845 Crown Copyright

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