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COMPANIES CLAUSES CONSOLIDATION ACT 1845 - SECT 50 

Repayment of money borrowed at a time fixed.

50. The company may, if they think proper, fix a period for the repayment of
the principal money so borrowed, with the interest thereof, and in such case
the company shall cause such period to be inserted in the mortgage deed or
bond; and upon the expiration of such period the principal sum, together with
the arrears of interest thereon, shall, on demand, be paid to the party
entitled to such mortgage or bond; and if no other place of payment be
inserted in such mortgage deed or bond, such principal and interest shall be
payable at the principal office or place of business of the company.

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© 1845 Crown Copyright

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