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Tenants at Rack Rent, under a parol Demise, or not able to produce Leases, to deliver an Account of the Value.
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XLIII. And be it further enacted, That in case any Tenant at Rack Rent, under any parol Demise from Year to Year, within the Period mentioned in the said general Rule, or any Tenant who, by Reason of any Mortgage or other Contract, shall not have the Custody or Possession of, or the Power over any Lease or Agreement in Writing under which he holds the Premises demised within the said Period, and who shall give reasonable Proof to the Commissioners why he is unable to produce the same, shall deliver to the Assessor or Assessor an Account in Writing, signed by him or her, of the actual Amount of the annual Rent reserved on such Demise, such Account so delivered shall be deemed a Compliance with this Act, in all Cases where he may be called upon, under the Authority of this Act, to produce such Lease or Agreement, and it shall be lawful for such Assessor or Assessors to make their Estimate according to such Rent, any Thing before contained to the contrary notwithstanding; but such Assessment shall not be binding, in case it shall appear to the said Commissioners that the said Account doth not express the full Consideration for such Demise, or the Rent bon[html] fide paid for the same, or is made in any other Respect with Intent to conceal the annual Value of the Premises held under such Demise, or to diminish the Estimate to be made thereon.
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