|
|
On Contract for Purchase, 1-4th shall be paid down, and the Remainder at 3, 6, and 9 Months.
Purchase Money may be paid at once.
|
V. Provided always, and be it enacted, That no Sale or Purchase shall be made of any such Quit Rents, Grown Rents, or Composition Rents, and the Fees payable thereon, nor of any such Lands, Tithes, Tenements, or Hereditaments, unless the Person or Persons contracting to purchase the same shall, upon the Contract or Agreement for such Sale and Purchase being made with the said Commissioners of His Majesty’s Treasury, pay into the Receipt of His Majesty’s Exchequer in Ireland, according to the Course of the said Exchequer, One-fourth Part at least of the Purchase Money contracted and agreed for, and the Remainder of such Purchase Money by Three equal Payments, at Periods not longer than Three, Six, and Nine Calendar Months from the Day of the making of such Deposit; and in case Default shall be made of or in any such Payments on the Day on which the same shall be payable, then the said Deposit of One-fourth Part of the Purchase Money, and so much of the said Purchase Money as shall have been paid, shall be forfeited to His Majesty, His Heirs and Successors: Provided always, that it shall and may be lawful for any such Purchaser, with the Consent of the said Commissioners of the Treasury, to pay in the whole of the Purchase Money at One Payment, or at any such shorter Periods as may be agreed on for that Purpose.
|
