August 1647: An Ordinance for regulating the sale of Bishops Lands, and expediting the Conveyances thereof.

August, 1647

[23 August, 1647.]

Whence the six moneths for payment of the latter moyety shall be reckoned.; Interest to be rebated on the purchase.

Be it Ordered and Ordained by the Lords and Commons assembled in Parliament, That whereas in the late Ordinance of Parliament, made the 16 of November, Anno Dom. 1646. it is appointed that the Purchasers of any Bishops Lands shall pay the latter moyety of his Purchase money within six moneths after the sealing of the Assurance; And whereas divers Purchasers have before the sealing of the Assurance obtained the possession of the said Purchased Lands, Tenements, or Hereditaments, in all such cases the said six moneths wherein the latter moyety of the Purchase money ought to be payed, shall be reckoned from the time of the Contract and not from the sealing of the Assurance; And that in lieu thereof the Purchaser shall have and enjoy all the mean Profits which he hath had, or received in the mean time; And that the Treasurers for Bishops Lands shall allow and rebate to any Purchaser, who hath any money due by the said Ordinance, the Interest which shall be due unto him, together with the principal, the same to be defalked at the times of payment of his Purchase money; And that all Assignees of any moneys due by the said Ordinance, may defalk the same upon Purchasers in like manner as the Lenders themselves might do. And the Contractors, Trustees, Treasurers, and all others imployed in the sale of Bishops Lands, are hereby required and enjoyned to perfect and seal the respective Conveyances or Assurances with all possible expedition.