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LITERARY AND SCIENTIFIC INSTITUTIONS ACT 1854 - SECT 4

Provision where land ceases to be used for the purposes of the institution.

4. Provided, that upon any land so granted by way of gift as aforesaid, or any
part thereof, ceasing to be used for the purposes of the institution, the same
shall thereupon immediately revert to and become again a portion of the
estate..., ... as the case may be, to all intents and purposes, as fully as if
this Act or any such grant as aforesaid had not been passed or made; except
that where the institution shall be removed to another site the land... may be
exchanged or sold for the benefit of the said institution, and the money
received for equality of exchange or on the sale may be applied towards the
erection or establishment of the institution upon the new site.

© 1854 Crown Copyright

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