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Leases heretofore granted of Ground intended to he applied for Building Purposes, reserving different Rents for different Portions of the Term, instead of one uniform Rent, confirmed.
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III. ‘And whereas, in the Execution of the Powers of granting Leases in the said first-recited Act contained, Leases have from Time to Time been granted of certain Parcels of Ground intended to be applied for Building Purposes; and by reason that the ultimate Value could only be ascertained and realized after a long Period, instead of one uniform Rent having been reserved in respect thereof during the whole Term of the Lease so granted as aforesaid, different Rents for different Portions of the Term for which such Leases were granted have been reserved therefore, as being the most beneficial Mode of disposing of such Ground for Building Purposes; and inasmuch as Doubts may be entertained as to the Validity of such Leases, by reason of such varying Amount in the Rents reserved, instead of one uniform Rent during the Term granted, it is expedient that such Doubts should be removed;’ now therefore be it enacted, That all such Leases so granted as aforesaid, so far as regards any Doubts which may arise with respect to any such Reservation of Rent us aforesaid, shall be as from the making thereof absolutely confirmed, and shall be taken to have been made within the Powers of the said first-mentioned Act contained, any thing therein to the contrary notwithstanding.
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