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LITERARY AND SCIENTIFIC INSTITUTIONS ACT 1854 - SECT 16

Application of purchase money for land sold by ecclesiastical corporation sole.

16. Where any land shall be sold by any ecclesiastical corporation sole for
the purpose of this Act, and the purchase money to be paid shall not exceed
the sum of twenty pounds, the same may be retained by the party conveying for
his own benefit; but when it shall exceed the sum of twenty pounds it shall be
applied for the benefit of the said corporation in such manner as the bishop
in whose diocese such land shall be situated shall by writing under his hand,
to be registered in the registry of his diocese, direct and appoint; but no
person purchasing such land for the purpose aforesaid shall be required to see
to the due application of any such purchase money.

© 1854 Crown Copyright

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