to lend such not exceeding Seventy-eight thousand seven hundred dollars, and sum to Mayor shall lend and advance the same, when raised, subject to the provi and Town Council. sions of this Ordinance, to the Mayor and Town Council of Georgetown, who are hereby authorized and empowered to borrow and receive the same on loan, for the purpose of enabling them to effect various improvements in the city of Georgetown, by affording a supply of water to the inhabitants, by lining the cross trenches with bricks, by extending the market, and by other measures, according to the means at their disposal. 9. The Colonial Receiver-General, for and on behalf of the Bonds to be is Colony, shall, as soon as practicable, issue Bonds, in the form sued by Receiver General, annexed hereto or as near thereto as circumstances will admit, each How such be payable. payable to bearer for such sum as the Governor shall approve, to an amount not exceeding in the whole seventy-eight thousand seven hundred Dollars, and bearing interest at the rate of six per centum per annum, payable half-yearly, on the first day of January, and the first day of July, in each and every year; and the principal of such last mentioned bonds shall be payable and redeemable in the sums and at the times following, that is to say,-six thousand seven hundred dollars thereof on the thirty-first day of December, of the year one thousand eight hundred and seventy-six, and one-tenth of the remainder thereof, on each thirty-first day of December thereafter ensuing, until the whole shall be paid. 10. All the Colonial Revenues not specially appropriated by any Security for Ordinance already in force shall be held and are hereby declared to Loan on Colo- be pledged for the payment of the principal and interest to become due in respect of the Bonds issued under this Ordinance. nial Revenues. may be re placed. II. In case any Bond issued under the Ordinance shall by acciDefaced Bond dent be defaced, the Colonial Receiver- General may issue a new Bond to the holder, and may cause the defaced Bond to be cancelled, and to be filed in his office; and the new Bond shall bear the same number, date, and principal sum, and carry the same interest, and be subject to the same rules as the original Bond. 12. The may be re 12. The Colonial Receiver-General, on proof to his satisfaction Lost or dethat any Bond issued under this Ordinance has, by accident, been stroyed Bond lost or destroyed before the same shall have been paid off, may, if placed, or if due, paid off. the number and amount of such Bond shall be ascertained, and upon being furnished with due security for indemnifying him for any loss to which the Colony may at any time be subjected by reason thereof, issue a new Bond corresponding with such lost or destroyed Bond; or, if any Bond, when so lost or destroyed, shall be overdue, may, on being furnished with such security as aforesaid, cause the money due thereon to be paid off and discharged. the Loan and thereof by the 13. The monies to be raised under this Ordinance shall, so soon Application of as raised, be lent and advanced by the Colonial Receiver-General repayment to the Mayor and Town Council of Georgetown, for the purposes Mayor and aforesaid: and the whole amount of the loan to be raised hereunder Town Council. shall be repaid by the Mayor and Town Council of Georgetown to the Colonial Receiver-General, for and on behalf of the Colony, with interest at the rate aforesaid, in twenty years and six months from the first day of July of the year one thousand eight hundred and sixty-six, by payments in manner following, that is to say,the Mayor and Town Council shall pay to the Colonial ReceiverGeneral interest on the principal of such loan, and the principal itself, at precisely the same dates, and in precisely the same instalments, as herein before fixed for the payment of the interest, and the redemption of the principal, of the Boards to be issued under this Ordinance. rates. 14. The Colonial Receiver-General for and on behalf of the Preferent lien Colony, shall have, and is hereby declared to have a preferent lien of the Colony on municipal upon the Property, Revenues, Rates, and Taxes, generally, of the property and Mayor and Town Council of Georgetown, subject to any existing liens thereof, for indemnification and repayment of all and every sum and sums of money which the Colony may have to pay under and by virtue of the guarantee given under the fourth section of this Ordinance, with interest thereon at the rate aforesaid, and for the re-payment to the Colony of the loan raised under this Ordinance, with interest in the manner and by the instalments aforesaid, for such indemnification and re-payment of all and every such sum and sums of money above-mentioned. [Ord. 17 anno 1866.] Recovery of Loan by sum mary execution No. XX. 15. In case the Colony shall at any time have to pay any sum of money under and by virtue of the aforesaid guarantee, or in case of default of payment to the Colony by the Mayor and Town Council of any one or more of the said instalments of interest and principal of the loan raised under this Ordinance as and when the same respectively become due and payable, the Colonial Receiver-General, for and on behalf of the Colony, may proceed forthwith, by parate or summary execution, against the Mayor and Town Council, and levy upon the Property, Revenues, Rates, and Taxes, generally, of the Corporation of Georgetown, and recover from the sale or realization thereof the amount of every such sum of money paid under such guarantee, and the amount of every such unpaid instalment of the interest and principal of said last-mentioned loan. 16. In every such proceeding as aforesaid by parate or summary Signature of execution, the signature of the Colonial Receiver-General for the Receiver General prima facie time being subscribed to any document setting forth a statement of the amount claimed shall, without proof of such signature, or of any other matter or thing, be held and deemed to be, in all Courts, and by all Judges and Magistrates, sufficient prima facie evidence of the amount claimed being in every particular correct. evidence of amount due. 17. The preferent lien hereby created in favour of the Colony Duration of shall continue in full force and effect, so long as the liability of the preferent lien Colony under said guarantee shall continue, and until the whole of the colony. amount of the loan raised under this Ordinance shall have been repaid, with interest as aforesaid by the Mayor and Town Council to the Colony, 18. This Ordinance shall come into operation and take effect on Commences the publication thereof. ment of Ordi No. XX. BRITISH GUIANA. Ordinance No. of 1866. SECTION 9.-"The Colonial Receiver-General, for and on behalf of the Colony, shall, as soon as practicable, issue Bonds, in the form annexed here. to or as near thereto as circumstances will admit, each payable to bearer for such sum as the Governor shall approve, to and amount not exceeding in the whole, seventy-eight thousand seven hundred dollars and, bearing inter est at the rate of six per centum per annum payable half yearly, on the first day of January, and the first day of July, in each and every year; and the principal of such last mentioned bonds shall be payable and redeemable in the sums and at the times following, that is to gay, six thousand seven hundred dollars thereof, on the thirty-first day of December, of the year one thousand eight hundred and seventy-six, and onetenth of the remainder thereof, on each thirtyfirst day of December thereafter ensuing, until the whole shall be paid." SECTION 10.-" All the Colonial Revenues not specially appropriated by any Ordinance already in force shall be held and are hereby declared to be pledged for the payment of the principal and in terest to become due in respect of the bond issued under this Ordinance." Bond No. Interest Warrant No. [Ord. 17 anno 1866.] No. XXI. No. XXI. [Ord. 19 anno AN ORDINANCE TO RE-ENACT, WITH CERTAIN AMENDMENTS, 1866.] THE PROVISIONS OF ORDINANCE No. 21 OF THE YEAR 1853, INTITULED "AN ORDINANCE FOR INCORPORATING THE “ROYAL AGRICULTURAL AND COMMERCIAL SOCIETY OF "BRITISH GUIANA.” Preamble. Enacted 12th November, 1866, published the 24th following, came into operation on publication. [ROBERT MILLER MUNDY, Lieutenant-Governor.] WHEREAS on the 18th day of March, 1844, a Society was formed and instituted in this Colony, under the the name of "THE AGRICULTURAL AND COMMERCIAL SOCIETY OF BRITISH GUIANA": And whereas the objects of the said Society are to promote, as Objects of the far as possible, the improvement and encouragement of the agriSociety. culture of the Colony, and of every branch of industry, whereby the resources of the Colony are likely to be developed and increased as also the collecting and disseminating of useful information on such subjects: Intentions as to the application of its funds. Name of the And whereas the intentions of the said Society are, that its funds shall be devoted to the establishment and maintenance of suitable Public Rooms in the City of Georgetown for the use of the Members, viz. :-An Exchange Room, a Reading Room, a Museum and Model Room and a Library, and to the awarding of Premiums and Grants of Money for such purposes connected with the advancement of Agriculture, Manufactures or Trade, as the Society may deem expedient: And whereas permission was granted to the said Society by Her Most Gracious Majesty THE QUEEN to take the name and designas tion of "THE ROYAL AGRICULTURAL AND COMMERCIAL SOCIETY OF BRITISH GUIANA": And |