Principles of the Law of Real Property. Intended As a First book for the Use of Students in Conveyancing

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The object of this power is to keep up the settlement, aijd at the same time to facilitate the acquisition of lands which for any reason may be more desirable in lieu of any of the settled lands which it may be expedient to part with. The direction to lay out the money in the purchase of other lands makes the money, even before it is laid out, real estate in the con- templation of equity ;(s) and though no land should ever be pur- chased, the parties entitled under the settlement will take in e...quity precisely the same estates in the investments of the money as they would have taken in any lands which might have been purchased *therewith. . The power given to the trustees to revoke r^qnon the uses of the settlement and appoint new uses enables -^ them, by virtue of the Statute of Uses, to give the purchaser of the settled property a valid estate in fee simple, provided only that the requisitions of the power are complied with.
Other kinds of special powers occur where the persons who are to take estates under the powers are limited to a certain class.


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