July, 1648.
[24 July, 1648.]
Moneys raised shall be paid out to the first Lenders, and their Assigns, and so for the rest.
Whereas by several Ordinances of Parliament, the Lands and
Possessions of the late Archbishops and Bishops stand engaged
for the paiment of 800000 pounds, which Premisses are by an
Ordinance of Parliament, dated the Sixteenth of November
1646. intituled An Ordinance of the Lords and Commons assembled
in Parliament, for the appointing the sale of the Bishops Lands for the
use of the Commonwealth: And by another Ordinance of Parliament,
dated the Thirteenth of May, 1647. intituled, An Ordinance of the
Lords and Commons assembled in Parliament, for the securing all those
that shall advance 200000. pounds for the service of this Kingdome, and
of the Kingdome of Ireland: Which Premisses by the said Ordinances
and others, are appointed to be sold for the paying of the said
debts, viz. 400000 pounds secured by the first of the said
Ordinances, and 400000. pounds secured by the second of the
said Ordinances: The Lords and Commons assembled in Parliament, being informed before the First of April, 1648. that to the
value of 460000 pounds worth of the said Premisses were sold
and contracted for, and that notwithstanding the said sale, the
Commonwealth pays Interest for a great part of the said first
400000. pounds. and to the intent that the Commonwealth may
be with more speed discharged of paying Interest for the said
sums, the first Lenders more speedily satisfied, and the second
Lenders put in a way of receiving their Moneys, the Lords and
Commons do order, ordain, and declare, That such Moneys as
shall be paid in to the Treasurers of the said Premisses by any
Purchasor or Purchasors, and all such Moneys as shall be raised
and levied by reason of any forfeiture for not prosecuting his or
their Conveyance or Conveyances, within the time limited by
the Ordinances of Parliament in that case made, shall be issued
out and paid by the said Treasurers for the satisfying of the
first Lenders, or their Assigns, such Moneys as was lent on the
Credit of the first Ordinance; the same Rules to be observed in
the issuing out of such Moneys as are expressed in other Ordinances in that case made;
Such as have before April, 1648. contracted for Bishops Lands that pay in money, or by Bills on the Ordinance of the 16 of November 1646.
It is ordained by the Authority aforesaid, That where any
Person or Persons, Body Politique or Corporate, have before the
First of April, 1648. contracted for any of the said Premisses,
such Person or Persons, Body Politique or Corporate, shall pay
or satisfie his or their engagement for the Purchase of the said
Premisses, either in Moneys, or else by such Bills or Receipts as
were given to the respective Lenders, his or their Assigns, by
vertue of the said Ordinance of the Sixteenth of November, 1646.
or by any Assignment of such Bill or Receipt, since the Sixteenth of November, 1646.
The proceed on such contracts shal go to satisfie the Lenders on the credit of the first Ordinance.
It is Ordained by the Authority aforesaid, That the proceed
of all the said Lands contracted for before tho First of April,
1648. shall be wholly appointed, made use of, and imployed for
the paying and satisfying of the residue of all such Persons, who
on the credit of the first Ordinance advanced any Moneys, until
the said Lender or his Assigns be fully satisfied all such sum or
sums of Moneys as shall be due or owing unto him or them on
the aforesaid security.
How Lands contracted for since April, 1648. shall be paid for.;After satisfaction to the first Lenders, the second Lenders shall be satisfied.
And it is further ordained by the Authority aforesaid, That all
Contracts made since the First of April last, or hereafter to be
made for any of the said Premisses, the Purchaser or Purchasers
shall and may satisfie, discharge and pay the first moyety of his
or their Purchase money for the said Purchase, either in Moneys,
or by Bills or Receipts given to any Lender or Lenders, his or
their Assigns, by vertue of the Ordinance of Parliament dated
the Sixteenth of November, 1646. or by assignment of any of
the said Bills, until the first Lenders be fully satisfied; and the
second moyety by Moneys, or out of the Bills or Receipts given
to any Lender or Lenders, his or their Assigns, by vertue of the
Ordinance of Parliament, dated the Thirteenth of May, 1647. or
by the assignment of any of the said Bills, or Receipts: And
after the satisfying and paying of the first Lenders, the second
Lenders shall be satisfied and paid, as is expressed in the Ordinances in that Case made. And that all payments made
according to the intent of this Ordinance shall be good and
effectual to discharge the person or persons of his or their
engagement or contract for the said premisses. And the said
Treasurers are hereby authorised and enjoyned to accept of the
same as good, and sufficient payment, Any Ordinance of Parliament to the contrary in any wise notwithstanding.