11Remedy for non-payment of interest, &c.

11 Remedy for non-payment of interest, &c.

[Section 11 Amended by No. 36 of 1958, s. 4 and s. 5 and Sched. 3 ]

(1)  If default is made by the Trustees of the River Clyde or the Trustees of the Midland Water District in payment of any interest or other sum or sums of money payable under the provisions of this Act when the same shall become due, the Minister may, by writing under his hand, appoint, at such salary as he thinks fit, a receiver of the rates of such district so making default as aforesaid, and may remove such receiver.

(2)  Any receiver appointed under this section shall be entitled to receive all rates payable to such Trustees, and to make and levy rates for the purpose of paying the amounts due together with all costs, and for the purposes aforesaid the receiver shall be deemed to be the Trustees, and may exercise all the powers thereof. And such receiver shall continue to act until payment has been made to the Minister of the amount in default, together with payment of costs and expenses of his salary.