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payable from time to time by the person or persons named
or interested as stated in that behalf in the Award.
(13) The person or persons for the time being entitled
to the freehold or inheritance of any lands and premises
subject to the Strand Improvement Rent Charge shall be
entitled to redeem the same on giving notice to the Council
by payment to the Council of a sum of money equal to the
selling market value at the closing price of the day of a sum
of Metropolitan Consolidated Stock producing an amount
of interest equal to the Rent Charge.
Any owner lessee or occupier of any lands or premises
subject to the Strand Improvement Rent Charge may
redeem the same by agreement with the Council.
The Council may at any time after the date of the
Final Award sell and dispose of such of the Strand Improvement
Rent Charges as shall not then have been redeemed.
Any money received by the Council under this Section
shall be carried to the Consolidated Loans Fund.
(14) The Strand Improvement Rent Charge in respect
of any lands or premises shall be payable half yearly and
shall be deemed to accrue due on the first day of January
and on the first day of July in every year succeeding the
date of the Final Award or of the Provisional Award if no
objection is made thereto unless redeemed as herein provided
and if not paid to the Council on demand may be
recovered in a Court of summary jurisdiction and in
addition the Council may have and exercise such remedies
for recovering the same as are conferred by "The Con"
veyancing and Law of Property Act 1881 " with regard to
sums payable by way of Rent Charge.