Freehold land, not exceeding an acre, with or without buildings, may be granted or conveyed by way of gift, sale or exchange, in fee simple or for a term of years, by any person in England, Wales or Ireland having the present beneficial interest in the land, as a site for an institution governed by the Literary and Scientific Institutions Act 18541.
Any number of sites exceeding in the aggregate one acre in extent may be granted for distinct and separate institutions, so
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