Pennsylvania Act 1814-129 — INTEREST ON LAND, REGULATION MODE OF CHARGING

Act text

INTEREST ON LAND, REGULATION MODE OF CHARGING
                 Act of Mar. 28, 1814, P.L. 239, No. 129              Cl. 68
                                  AN ACT

     Regulating the mode of charging interest on land in certain
        cases, and for other purposes.
        Section 1.  Price of warrants within the Purchase of 1768
        From and after the passing of this act, it shall be lawful
     for the Secretary of the Land Office to issue warrants to any
     person entitled thereto, within the purchase of 1768, or the
     previous purchases, at the rate of ten pounds per hundred acres,
     charging interest within the Purchase of 1768, from March 1,
     1770, and within the previous purchases from March 1, 1755, in
     cases where the applicant cannot obtain proof of the time the
     said land was first improved as required by the existing laws.
     1814, March 28, P.L. 239, 6 sm.L. 207, Sec. 1.
        Section 2.  And be it further enacted by the authority
     aforesaid, That from and after the first day of June next, so
     much of the act of the twenty-second of September, one thousand
     seven hundred and ninety-four as requires a settlement,
     residence and raising of grain, as also so much of the act of
     the third of April, one thousand seven hundred and ninety two,
     as reduces the price of lands to fifty shillings per hundred
     acres, be and the same are hereby repealed, so far as respects
     lands within the purchase of one thousand seven hundred and
     sixty eight and the previous purchases: provided, that nothing
     herein contained shall impair or affect the right of any person
     who may have actually settled on vacant land before the passing
     of this act.