Acts of 30° & 43° Geo. III. relating to a district in the Parish of Saint Luke, Chelsea, called Hans TownGreat Britain
History
Acts of 30° & 43° Geo. III. relating to a district in the Parish of Saint Luke, Chelsea, called Hans Town
Great Britain
Chelsea (London, England) -- History
XVII. And be it further enacted, That if any Money shall be agreed or
awarded to be paid for any Buildings, Lands, or Hereditaments purchased,
taken, or used by virtue of the Powers of the said recited Act and this
Act, for the Purposes thereof, which shall belong to any Corporation,
Feme Covert, Infant, Lunatick, or Person or Persons under any other
Disability or Incapacity, such Money shall, in case the same shall amount
to or exceed the Sum of Two hundred Pounds, with all convenient Speed be
paid into the Bank of _England_, in the Name and with the Privity of the
Accountant General of the High Court of Chancery, to be placed to his
Account there _ex parte_ the Commissioners for executing the said Act and
this Act, to the Intent that such Money shall be applied, under the
Direction and with the Approbation of the said Court, to be signified by
an Order made upon a Petition, to be preferred in a summary Way, by the
Person or Persons who would have been entitled to the Rents and Profits
of the said Buildings, Lands, and Hereditaments, in the Purchase or
Redemption of the Land Tax, or towards the Discharge of any Debt or
Debts, or such other Incumbrances, or Parts thereof, as the said Court
shall authorize to be paid, affecting the same Lands or Hereditaments, or
affecting other Buildings, Lands, or Hereditaments standing settled
therewith, to the same or the like Uses, Intents, or Purposes; or where
such Money shall not be so applied, then the same shall be laid out and
invested, under the like Direction and Approbation of the said Court, in
the Purchase of other Buildings, Lands, or Hereditaments, which shall be
conveyed and settled to, for, and upon such and the like Uses, Trusts,
Intents, and Purposes, and in the same Manner as the Buildings, Lands, or
Hereditaments which shall be so purchased, taken, or used as aforesaid,
stood settled or limited, or such of them as at the Time of making such
Conveyance and Settlement shall be existing undetermined and capable of
taking Effect; and in the mean Time and until such Purchase shall be
made, the said Money shall, by Order of the Court of Chancery, upon
Application thereto, be invested by the said Accountant General, in his
Name, in the Purchase of Three Pounds _per Centum_ Consolidated or Three
Pounds _per Centum_ Reduced Bank Annuities; and in the mean Time and
until the said Bank Annuities shall be ordered by the said Court to be
sold, for the Purposes aforesaid, the Dividends and annual Produce of the
said Consolidated or Reduced Bank Annuities shall from Time to Time be
paid, by Order of the said Court, to the Person or Persons who would for
the Time being have been entitled to the Rents and Profits of the
Buildings, Lands, or Hereditaments so hereby directed to be purchased, in
case such Purchase or Settlement were made.
Application where the Money does not exceed 200_l._
nor less than 20_l._
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