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Rent-charge not to preclude Trustees from investing Money in the Purchase or Mortgage of Land charged.
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LIII. And be it enacted, That the Rent-charge by virtue of this Act to be charged on any Land shall not be deemed such an Incumbrance as shall preclude a Trustee of Money from investing the same in a Purchase or upon a Mortgage of such Land so charged unless the Terms of such Trust shall expressly provide that the Trust Money shall not be so invested; and any Trust Monies already invested or lent on any Land which any become charged with such Rent-charge, or which, before the making each Charge, were charged on the said Land, may, if the Trustee think fit, be continued on the Security of the said Land notwithstanding the Imposition of such Rent-charge; and no Guardian, Committee, Feoffee, Trustee, Executor, or administrator shall be in anywise concerned or obliged to signify Dissent to any Application under this Act, or be in anywise responsible for the Consequence of such Application, or the Charge made in pursuance thereof.
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