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Commissioners may lease the school lands and apply the rents and profits for the purposes of the several schools.
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13. Provided always, . . . that the commissioners under this Act shall have all such powers of leasing and demising all and every the lands and hereditaments belonging to the said last-mentioned schools respectively as the several trustees or other persons in whom such lands were vested immediately before the passing of this Act had by law for leasing and demising the said lands or hereditaments respectively; and that the net rents of the lands granted by his late Majesty King Charles the First to each school respectively, after deducting thereout the necessary expences of the agency and management thereof, shall, during the continuance of such of the present masters of those several schools as have been legally appointed under any particular conditions made according to law by persons duly authorized thereto concerning the distribution or application of the incomes, revenues, or emoluments of such school, or of the master thereof, be applied in the same manner as they now are; and from and after the decease, resignation, or removal of such master or any of them shall be applied solely and exclusively to the use and advantage of the said school, and to such endowments or establishments only as are connected therewith, in the manner and for the purposes herein-after described.
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