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Governors may make Fee-farm Grant in certain Cases.
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2. Where any Lands situate in any County of a City or County of a Town in Ireland are or may be held by any Person under any Lease made by Governors of Schools as aforesaid for a Term of Twenty-one Years, it shall be lawful for the said Governors at any Time before the Expiration of the said Term, if they so think fit, to make to such Tenant a Lease or Demise in Fee of all or any of such Lands, subject to a perpetual yearly Fee-farm Rent of such Amount as herein-after mentioned, to be charged upon such Lands, and to be payable on the same Days and Times as the yearly Rent made Payable by such Terminable Lease, and subject to the like Covenants and Conditions for the securing the Payment of the said Fee-farm Rent as are contained in such Terminable Lease with respect to the Rent thereby reserved, and with and subject to such other Covenants, Conditions, Exceptions, and Reservations as are contained in such Terminable Lease and then subsisting: Provided always, that for the making of such Lease or Demise in Fee no Fine, Foregift, Premium, or Consideration in Money or otherwise shall be given or promised to the said Governors.
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