486 Assembly Proceedings, May 8-June 2, 1750.

Liber B. L. C.

And that the said Rector and Visitors conceive it would be advan-
tageous to the said School, to sell and dispose of the said Land,
Houses and Lots, and to apply the Money arising by such Sale, or
the Interest thereof, to support the same School.

[Rector and
Visitors to
sell Land,
&c.]

Be it therefore Enacted by the Right Honourable the Lord Pro-
prietary, by and with the Advice and Consent of his Lordship's
Governor, and the Upper and Lower Houses of Assembly, and the
Authority of the same, That it shall and may be lawful to and for
the said Rector and Visitors, or the major Part of them, to sell and
dispose of the said Lands, Lots, and Houses, or any of them, in such
Manner as they may judge most advantageous to the said School ;
and that the Deed or Deeds, Assurance or Assurances, in Law, shall
be made under the Seal of the Corporation of the said Rector and
Visitors, and signed by the said Rector, and recorded in the Provin-
cial Court Records; and shall be adjudged and deemed to convey to
the Purchaser or Purchasers such Estate or Estates in Fee Simple,
or otherwise, as shall be contained in the said Deed or Deeds.

[Proviso.]

Provided nevertheless, That this Act, or any Thing herein con-
tained, or the Sale or Sales of the said Lots and Houses, to be made
by Virtue hereof, shall not extend, or be construed to extend, to
prejudice or affect any Right or Title, either in Law or Equity, which
the present Lessee or Lessees may have or claim, in or to the said
Lots or Houses; but that such Right or Claim is hereby saved, not-
withstanding this Act, or any Thing herein contained.

[Money
arising
from the
Sale of
Lands to be
put out to
Interest.]

And be it further Enacted by the Authority, Advice, and Consent
aforesaid, That the Rector and Visitors of the said King William
School shall, and they are hereby obliged and directed to lay out the
Money arising by the Sale of the said Land called Surveyor's For-
est, and the said Lots and Houses in the City of Annapolis, at Inter-
est on good Security, for the Use of the said School; and that the

p. 509

annual Interest arising therefrom shall be applied towards the Pay-
ment of a Master, Masters, or Usher of the said School, and to no
other Use or Purpose whatever.
Saving to his most sacred Majesty, and his Successors; the Right
Honourable the Lord Proprietary, his Heirs and Successors; and to
all others not mentioned in this Act; their several and respective
Rights.

2^d June 1750
Read and Assented to
by the Lower House of
Assembly
Signed p Order
M. Macnemara Cl lo. ho.

On behalf of the Right
Honourable the Lord
Proprietary of this Prov-
ince I will this be a Law
Sam. Ogle

the great Seal in
Wax Appendant

2^d June 1750
Read and Assented to
by the Upper House of
Assembly
Signed p Order
J Ross. Cl Up Ho.