Public Works Loans Act 1875
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
21 Taking possession by the Treasury of property on default of payment.
Where a mortgage of property has been given to secure any local loan granted by the Treasury, and default is made in making payment according to the terms of such mortgage, then at any time after such default and without any consent on the part of any person interested in the equity of redemption of the mortgaged property, the Treasury, without prejudice to any other remedy, shall have power to do all or any of the following things; namely,— (1) Take possession of the mortgaged property, or any part thereof; and (2) Grant any lease of the mortgaged property, or any part thereof, for such term and upon such reasonable conditions as they may think expedient, and that either for a premium or rent, or both; and (3) Sell or mortgage the mortgaged property, or any part thereof.
21 Taking possession by the Treasury of property on default of payment.
Where a mortgage of property has been given to secure any local loan granted by the Treasury, and default is made in making payment according to the terms of such mortgage, then at any time after such default and without any consent on the part of any person interested in the equity of redemption of the mortgaged property, the Treasury, without prejudice to any other remedy, shall have power to do all or any of the following things; namely,— (1) Take possession of the mortgaged property, or any part thereof; and (2) Grant any lease of the mortgaged property, or any part thereof, for such term and upon such reasonable conditions as they may think expedient, and that either for a premium or rent, or both; and (3) Sell or mortgage the mortgaged property, or any part thereof.
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