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How Rents so purchased shall be extinguished.
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VII. And be it further enacted, That in case any Purchaser shall desire that the Rent so to be purchased shall be extinguished, then upon Payment into the Receipt of His Majesty’s Exchequer in Ireland, according to the Course of the said Exchequer, of such Sum as shall be approved of by the Lord High Treasurer, or the Commissioners of His Majesty’s Treasury of the United Kingdom of Great Britain and Ireland, for the Purchase of such Rent or Rents and Fees, a Certificate shall be given by the proper Officer of the Receipt of His Majesty’s said Exchequer, setting forth the Name or Names of the Honors, Manors, Towns, Lands, Rectories, Tithes, Fairs, Markets, Ferries, Tenements and Hereditaments, out of which the Rents purchased is or are payable, with such Description thereof, corresponding with the Record of such Rent or Rents in His Majesty’s Exchequer in Ireland, as will be sufficient to ascertain the same, together with the several particular Rent or Rents and the Fees payable thereout, and declaring that the Rent or Rents so purchased, is or are purchased in order that, the same shall cease and be extinguished, which Certificate shall be enrolled in the Office of the Auditor of the Exchequer in Ireland, after Payment of the whole of the Consideration Money agreed to be paid; and from the Time of such Enrolment, the Rent or Rents so purchased shall cease and be extinguished, and the Honors, Manors, Towns, Lands, Rectories, Tithes, Fairs, Markets, Ferries, Tenements and Hereditaments, out of which such Rent or Rents was or were payable, shall be exonerated and discharged therefrom.
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