The housing of the Working Classes Act, 1890, annotated, with appendices containing the Incorporated Statutory Provisions, the Working Classes Dwellings Act, 1890, the Standing Orders of Parliament related to Provisional Orders, and the Circulars, Memoranda and Orders of the Local Government Board under the Act / by he author of "The Local Loans of England and Wales".
- Allan, Charles E. (Charles Edward), 1861-1929.
- Date:
- 1890
Licence: Public Domain Mark
Credit: The housing of the Working Classes Act, 1890, annotated, with appendices containing the Incorporated Statutory Provisions, the Working Classes Dwellings Act, 1890, the Standing Orders of Parliament related to Provisional Orders, and the Circulars, Memoranda and Orders of the Local Government Board under the Act / by he author of "The Local Loans of England and Wales". Source: Wellcome Collection.
Provider: This material has been provided by London School of Hygiene & Tropical Medicine Library & Archives Service. The original may be consulted at London School of Hygiene & Tropical Medicine Library & Archives Service.
157/244 (page 137)
![required) be furnished by the pi-omoters of the undertaking, at their expense, to the party entitled to the equity of redemption of the lands comprised in such mortgage deed. Section 113. If, upon payment or tender to any such mortgagee of Deposit of the amount of the value or compensation so agreed upon or determined, Money such mortgagee shall fail to convey or release to the promoters of the ^^^^ undertaking, or as they shall direct, his interest in the lands in respect ijg^^Qj. of which such compensation shall so have been paid or tendered, or if he shall fail to adduce a good title thereto to the satisfaction of the promoters of the undertaking, it shall be lawful for the promoters of the undertaking to pay the amount of such value or compensation into the bank, in the manner* provided by this Act in the case of monies requii'ed to be deposited in such bank, and such payment or deposit shall be accepted by such mortgagee in satisfaction of his mortgage debt, so far as the same will extend, and shall be a full discharge of the portion of the mortgaged lands so required from all money due thereon; and it shall be lawful for the promoters of the undertaking, if they think fit, to execute a deed poll, duly stamped, in the manner hereinbefore provided in the case of the purchase of lands by them ; and thereupon such lands shall become absolutely vested in the promoters of the undertaking, as to all such estate and interest as were then vested in the mortgagee, or any person in trust : for him, and in case such mortgagee were himself entitled to such possession they shall be entitled to immediate possession thereof ; nevertheless, every such mortgagee shall have the same powers and remedies for recovering or compelling payment of the mortgage money, or the residue thei'eof (as the case may be), and the iu- 1 terest thereof respectively, upon and out of the residue of such mort- * gaged lands, or the portion thereof not required for the purposes of • the special Act, as he would otherwise have had or been entitled to ; for recovering or compelling payment thereof upon or out of the whole of the lands originally comprised in such mortgage. Section 114. Provided always, that in any of the cases hereinbefore Compen- ] provided with respect to lands subject to mortgage, if in the mort- sation to . g|age deed a time shall have been limited for payment of the prin- ^® ™ade in cipal money thereby secured, and under the provisions hereinbefore cTases^f contained the mortgagee shall have been required to accept payment Mortgage of his mortgage money, or of part thereof, at a time earlier than paid off the time so limited, the promoters of the undertaking shall pay to ^e^ore the f such mortgagee, in addition to the sum which shall have been so paid ^^.'P^^^*^*! off, all such costs and expenses as shall be incurred by such mort- gagee in respect of or which shall be incidental to the re-investment of the sum so paid off, such costs in case of difference to be taxed 'i and payment thereof enforced in the manner herein'' provided with r respect to the costs of conveyances; and if the rate of interest s secured by such mortgage be higher than at the time of the same • See Sections 7G and 77. See Section 83.](https://iiif.wellcomecollection.org/image/b2440147x_0157.jp2/full/800%2C/0/default.jpg)