1 Sale, &c. of premises in respect of which grant of money has been made not to be valid without consent of Secretary of State, &c. E+W+S+N.I.
Where any grant hath been made or shall hereafter be made out of any sums of money heretofore granted or hereafter to be granted by Parliament for the purposes of education in Great Britain, under the advice of any Committee of the Council on Education to the trustees, managers, or other persons applying on behalf of any school, with the consent of the trustees or persons holding the legal estate thereof, for or towards the purchase of the site, or the erection, enlargement, or repair of the school, or the residence of the master or mistress, or the furnishing such school or residence, no sale, exchange, or mortgage of the premises in respect of which such grant hath been or may hereafter be made, in exercise of any power contained in the conveyance or other deed relating thereto, or under any other legal authority, shall be valid unless either [F1the Secretary of State gives his written consent] . . . F2, or the amount of the grant which shall have been made as aforesaid shall be repaid to the Treasury; and whenever any grant as aforesaid shall be hereafter made, a memorandum, to be signed by one of the Lords Commissioners of the Treasury shall be endorsed upon some one of the title deeds relating to the school, certifying to the fact of the grant having been made upon such application, and for some such purpose as aforesaid, and referring to this Act; and in any case in which any grant as aforesaid shall have been already made, so soon as such memorandum shall have been endorsed and signed on any such deed, all bonds, covenants, or other personal obligations, heretofore given or entered into to prevent the exercise of any such power of sale, exchange, or mortgage without such consent as aforesaid, shall, so far as they relate to such exercise, but no further, be annulled.
Modifications etc. (not altering text)