[I.]. His Majesty may direct the execution of trusts of lands escheated, &c.; and may grant the same to trustees for that purpose, or for restoring same to the family, &c. or for rewarding discoverers, or to the families of aliens or other persons unconditionally, or in consideration of money; or to a trustee to sell. Application of purchase monies.
2. Purchasers not answerable for application of purchase money.