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LANDS CLAUSES CONSOLIDATION ACT 1845 - SECT 86

Application of funds in Court.

86. Money paid under section 85 of this Act into the Supreme Court shall
remain there by way of security to the parties whose lands shall so have been
entered upon for the performance of the condition of the bond to be given by
the promoters of the undertaking, as herein-before mentioned, and, if dealt
with under section 81 or 82 of the Judicature (Northern Ireland) Act 1978
shall be accumulated; and upon the condition of such bond being fully
performed the High Court may, on the application of the promoters, order it,
or the proceeds of the securities in which it has been invested, together with
the accumulation thereof, to be paid to the promoters of the undertaking, or
if such condition shall not be fully performed it shall be lawful for the said
Court to order the same to be applied, in such manner as it shall think fit,
for the benefit of the parties for whose security the same shall have been
paid.

© 1845 Crown Copyright

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