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Conveyances may be made either for a valuable Consideration or as a free Gift.
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V. And be it further enacted, That all Conveyances by this Act authorized to be made shall be by Bargain and Sale enrolled, and may be so made either for a valuable Consideration or as a free Gift; and that if any Money shall be paid to a Spiritual Person, being a Corporation Sole, the same shall be applied and disposed of for the Benefit of such Spiritual Person and his Successors, in such Manner as the Bishop in whose Diocese the Land so conveyed shall be situated shall, by Writing under his Hand to be registered in the Registry of his Diocese, direct and appoint.
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