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Where Tenant becomes entitled to Annuity, Owner may redeem same.
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LIV. Where any Tenant shall become entitled to any Annuity as aforesaid, it shall be lawful for the Owner of any Land upon which such Annuity may be chargeable at the Time of making the Charging Order to redeem the said Annuity, or so much thereof as shall at any Time remain unexpired, by Payment to the said Tenant, his Executors, Administrators, or Assigns, of a Sum of Money equivalent to the Value of so much of the said Annuity as shall then remain unexpired, such Value to be estimated and calculated upon the Assumption that, at the Time of such Redemption, Money shall be worth Five per Centum per Annum; and thereupon such Owner shall become entitled to such Annuity for his own Use and Behoof, in like Manner as if the said Owner had himself executed such Improvements under the Powers contained in the First Part of this Act.
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