Midland Great Western Railway Act 1849

Railway Company’s Powers of borrowing Money not to be affected by this Act, except as herein mentioned.

XVII. And be it enacted, That, notwithstanding the said Railway Company may borrow any Monies in pursuance of this Act, such borrowing shall not prevent their borrowing any Sum or Sums of Money which by the aforesaid Acts relating to the said Railway they are or shall be authorized to borrow, and they shall be entitled to borrow the same in all respects as to Amount, Security, or otherwise as if this Act had not passed, and as if no Monies had been borrowed under the Powers of this Act, except that the Securities to be given by the said Company shall be subject in all respects to the Securities at any Time to be made in pursuance of this Act, and except that if the said Company shall borrow any Monies in pursuance of the Powers of this Act the said Company shall not be entitled, in pursuance of the Powers contained in the said Act for making the said Railway from Athlone to Galway, to borrow any of the Monies by that Act authorized to be borrowed.