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Proceedings of the Council of Maryland, 1761-1769
Volume 32, Page 138   View pdf image (33K)
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138 Proceedings of the Council of Maryland, 1761-1769.

Lib. J. R.
& U. S.

with great Caution and Circumspection and to render me by
the first Opportunity a very Particular Account of your Pro-
ceedings with the Reasons for the Same.
8th That such Lands as are uncultivated and at present
Untenanted be not sold for less than thirty Pounds Sterling
Money of Great Britain for every One hundred Acres and so
in proportion for a greater or less Number of Acres and also
Six pence Sterling for each Acre to defray the Expence of
Surveying and other Incidents And that there be reserved
thereon An Annual Quit Rent of Eight Shillings or more If
to be got but not less than four Shillings Sterling Money
aforesaid payable half yearly upon every One hundred Acres
and so in proportion for a greater or less Number of Acres and
also a fine upon every Death or Alienation being not less than
a year's Improved Rent.
9th That such Lands as are Cultivated and Tenanted be
Put up to Sale at and not sold for less than one hundred
Pounds Sterling Money for every One hundred Acres over
and above the Six pence Sterling per Acre to be paid for the
Charges of Sale and so in proportion for a greater or less
number of Acres or more according to the Natural Fertility
and Convenience of such Cultivated Lands and the particular
Circumstances Attending the same and that there be reserved
the present Annual Quit Rents or more and also a fine on every
Death or Alienation of One year's Improved Rent at the Least.
10th That Twenty five Pounds p Cent or One Fourth of the
Purchase Money be immediately paid to you either in Money
or in good Bills of Exchange payable to me or my Order in
London by every Person who shall be declared by you the
Purchaser of each Lot at the time of his being so declared,
And that the Remainder of the purchase Money shall remain
a Charge upon the purchased Lands and shall together with
the reserved Rents be further secured by the Purchaser's Bond
payable to me my heirs and Executors in London with a
Sufficient Penalty till paid the whole to be paid within three
years from the time of such Declaration of Purchase and
being divided into thirds to be paid by as many equal Pay-
ments at the end of each of the three years the whole without
Interest for the first year when the first Payment being made
the remaining two thirds are to Carry Interest at Six Pounds
p Cent p Annum for the last two years and the Purchaser
upon full payment of his Principal and Interest within the
Respective times aforesaid and after having Compleated his
last Payment and paid the Reserved Quit Rents then due to
have proper and Legal Conveyances from me or my Heirs,
such Conveyances being taken at the Purchaser's Expence.



 
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Proceedings of the Council of Maryland, 1761-1769
Volume 32, Page 138   View pdf image (33K)
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