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&c„ should think proper and direct; and before the said
Mayor, &c, should grant a lease or demise of any part or
parts of such Arches respectively, as lastly thereinbefore
mentioned, they should and were thereby authorised and
required by deed or deeds under their common seal, to charge
such part or parts of the said respective Arches as they should
think proper to charge with the payment of such yearly rent
or sum, and with power of distress for enforcing payment
thereof &c.
. By Section 13 it was enacted that, as soon as conveniently
might be after the granting of any such lease or leases of the
residue of the said Arches or any of them, the said Mayor &c
should, and they were thereby authorised and required, to sell
and dispose of, by public auction or private contract, at such
price or prices as the said Mayor, Ac., should think reasonable,
the rent or rents reserved by such lease or demise respectively,
and the reversion, subject to such lease or demise respectively,
of the premises therein respectively comprised, for a term not
exceeding 61 years and one day, and the said Mayor, &c.,
should, and they were thereby authorised and required, at the
request, cost, Ac., of the purchaser, upon payment of the sum
or sums of money agreed to be given for the same respectively,
to the Chamberlain of the City of London, and upon the
execution, by the purchaser of a Counterpart of the same
Indenture, by an Indenture under the common seal of the
said City to demise or lease the part or parts of the said Arch
or Arches, or other the premises purchased by such purchaser
or purchasers, respectively, subject to such lease or demise
thereof, respectively, as aforesaid, unto such purchaser or
purchasers, respectively, his, her or their executors, Ac., for
a term of 61 years and one day, at and under the yearly
rent of a peppercorn, if demanded, so as there were contained
in every such last-mentioned Indenture, such, or the like
covenants on the part of the tenant, lessee or lessees, as should
be contained in the lease or demise to be first granted of the
same premises respectively, as aforesaid, and also a covenant
for re-entry on non-performance of covenants, Ac.
By Section 15 it was enacted that the fee-simple in
possession of and in the several Arches through which there
was or might be a public way or passage, and the immediate
reversion expectant on the expiration of the leases or demises
to be granted of the residue of the said Arches, as thereinbefore
mentioned, and also of and in the ground and soil whereon
the residue of the same several Arches had been erected and
built, and all right and property thereto respectively, and the
benefit of the covenants, provisoes or conditions in the said lastmentioned
Indentures to be contained, should be vested m the
respective Wards or Parishes to which the same respectively