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Tenants for Life and incapacitated Persons may charge the Inheritance with Money to be advanced for any of the Works.
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LXVIII. And be it enacted, That it shall and may be lawful for any Corporation, Lay or Ecclesiastical, Sole or Aggregate, and for the Husbands, Guardians, Trustees, Committees, or Attornies of or acting for the Owners or Proprietors of, or any Company or Companies, or Directors thereof for the Time being, interested in any Lands, Tenements, or Hereditaments through, upon, or adjoining to which any of the Works last aforesaid shall be executed under the Powers of this Act, being under Coverture, Minors, Lunatics, or beyond the Seas, or otherwise incapable of acting for themselves, and to and for the Owners and Proprietors of all such Lands, Tenements, or Hereditaments, being Tenants in Tail or for Life, or Tenants in Tail after Possibility of Issue extinct, or Tenants in Dower, and to and for every of them for the Time being, with the Sanction and Consent of the Commissioners for the Execution of this Act first had and obtained, by Indenture or Indentures under their respective Hands and Seals (and to which Indenture or Indentures One of the said Commissioners shall be an executing Party for the Purpose of signifying such Sanction and Consent as aforesaid), from Time to Time to charge the Inheritance of the said Lands, Tenements, or Hereditaments, and of all or any other Lands, Tenements, or Hereditaments in Ireland standing settled therewith to the same Uses, Intents, and Purposes, with any Sum or Sums of Money which shall be advanced or applied by him, her, or them respectively in or towards Payment of his, her, or their Contribution to the Execution of such Work or Works as aforesaid, together with Interest at any Rate not exceeding Six Pounds per Centum per Annum, and for securing the Repayment of such Sum or Sums of Money, with Interest as aforesaid, to grant, mortgage, lease, or demise, or otherwise subject the said Lands, or any other Lands, Tenements, or Hereditaments in Ireland standing settled therewith to the same Uses, Intents, and Purposes, or any Part thereof respectively, to any Person or Persons who shall advance such Sum or Sums of Money respectively in Fee or for any Term of Years; and every such Charge, Grant, Mortgage, Lease, or Demise as aforesaid shall be good, valid, and effectual in Law for the Purposes hereby intended, and shall take Priority of all Charges and Incumbrances whatsoever or wheresoever made: Provided always, that the Person or Persons entitled in Reversion or Remainder to the Lands, Tenements, or Hereditaments comprised in such Indenture or Indentures shall not be liable upon his, her, or their becoming possessed thereof, to the Payment of any further or larger Arrear of Interest than for Six Months preceding the Time that his, her, or their Title to such Possession shall have commenced.
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