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Receipts duly stamped to operate as a conveyance. 17. In every case in which any monies are paid by any company under the provisions of this Act for such price or compensation as aforesaid, the party receiving such monies shall give to the company a receipt for the same; and such receipt shall have the effect of a grant, release, and conveyance of all the estate and interest of such party, and of all parties claiming under or through him, in the lands in respect of which such monies are paid, so as such receipt shall have an ad valorem stamp of the same amount impressed thereon in respect of the purchase monies mentioned in such certificate (but exclusive of the amount of compensation for damage by severance or other injury) as would have been necessary if such receipt had been an actual conveyance of such estate or interest, every such receipt to be prepared by and at the costs of the company.
© 1851 Crown Copyright
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