SECT. 1. _Be it enacted by the Senate and House of Representatives of the commonwealth of Pennsylvania in general assembly met, and it is hereby enacted by the authority of the same_, That in all cases where lands, tenements or hereditaments, have been or hereafter shall be levied on, by virtue of any writ of _fieri facias_ or other writ of execution, and an inquest of twelve men summoned by the sheriff or coroner of any of the cities or counties agreeably to the existing laws of this commonwealth, shall find that the rents, issue, and profits of such property, are not sufficient, beyond all reprises, within the space of seven years to satisfy the damages and costs or the debt, interest and cost in such writ mentioned, it shall be the duty of the same inquest to value and appraise the said property. And in all cases where the defendant or defendants shall consent to a condemnation agreeable to an act entitled "a supplement to the act, entitled, An act for taking lands in execution for the payment of debts," passed on the sixth day of March, one thousand eight hundred and twenty, and in any case where an inquisition and condemnation of such estate as aforesaid shall not be deemed necessary in law, it shall be the duty of the sheriff or coroner of the proper county to summon an inquest of twelve good and lawful men of his bailiwick, who shall be under oath or affirmation, and shall receive the same pay as jurors are entitled to in similar cases, to value and appraise the same; and the sheriff or coroner shall make return of such valuation or appraisement, with the writ aforesaid, to the court from which the same issued, and which valuation or appraisement shall be conclusive in any future execution which may be levied on the same property; and in case any writ of _venditioni exponas_ or other writ shall issue for the sale of said lands, tenements or hereditaments, and the same cannot be sold at public vendue or outcry for two-thirds or more of such valuation or appraisement: that then and in such case the sheriff or coroner shall not make sale of the premises, but shall make return of the same accordingly to the court from which the execution process issued, and that thereupon all further proceedings for the sale of such lands, tenements or hereditaments, shall be stayed for one year from and after the return day of the _venditioni exponas_, or other writ for the sale of the premises: _Provided_, That the sheriff or coroner, shall not be entitled to poundage unless in those cases where a sale of the property shall take place.