§ It shall be lawful for the local authority to borrow for the purpose of acquiring, making, enlarging, or reconstructing sewers, or for the purposes specified in Section ninety-nine of this Act; and on the security of the special sewer assessments, where such exist, and the public health general assessments, or either of them, such sums of money, and at such times, as the local authority shall deem necessary for that purpose, and to assign the said special sewer assessments and public health general assessments or any of them in security of the money to be so borrowed; and the bonds to 1327 be granted on such borrowing and transferences or assignations and discharges thereof may be in or near to the forms contained in the second schedule hereto annexed, and such bonds shall be signed by two members and the clerk of the local authority, and shall constitute a lien over the special sewer assessments and general assessments thereby assigned, and shall entitle the creditors therein to recover the sums thereby due from the local authority out of the first and readiest of the said special and general assessments; but no such member or officer shall be personally liable for the repayment of such money so borrowed, and all such obligations shall be deemed and taken to be granted on the sole security of the assessments assigned; and the money so borrowed shall be repayable either in one sum or by instalments, as may be arranged between the borrower and the lender, but so that the same shall be wholly repaid, together with the accruing interest, within thirty years from the date of the loan, but the amount of such loans, including interest, shall form a charge against the assessments of the years intervening between the date of such loans and the date of full repayment; and the money so borrowed as aforesaid shall be applied for the purposes specified in this section, and for the purposes specified in Section ninety-nine of this Act, and for no other purpose whatsoever.
§ Amendments made: Leave out "the purposes specified in Section 99 of this Act, and," and insert" purpose of utilising "sewage"; leave out "or either of them," and insert "as the case may be"; leave out "or any of them," and insert "as the case may be"; leave out "and for the purposes specified in Section 99 of this Act."—(Lord Advocate).
§ Clause 140,—