Section 1. The General State Authority, with the approval of the Governor, is hereby authorized and directed on behalf of the Commonwealth of Pennsylvania, to grant and convey to the Redevelopment Authority of the County of Montgomery the following tract of land situate in the Borough of Norristown, Montgomery County, and Commonwealth of Pennsylvania, bounded and described as follows:
Beginning at a point in lands of the General State Authority, an agency of the Commonwealth of Pennsylvania, on the extended centerline of Green Valley Road 14 feet wide said point being on a bearing north 72 degrees 01 minute east, 424.94 feet distant from the intersection of the centerline of the said Green Valley Road with the centerline of Fornance Street 40 feet wide; thence from the said point of beginning, on lands of the aforesaid General State Authority the following eight courses and distances: south 81 degrees 13 minutes east 50 feet to a point; north 08 degrees 47 minutes east 50 feet to a point; north 81 degrees 13 minutes west 50 feet to a point; south 08 degrees 47 minutes west 15 feet to a point; north 81 degrees 13 minutes west 19 feet to a point on the southeasterly line of Green Valley Road; thence, along the said southeasterly line of Green Valley Road south 48 degrees 42 minutes west 24 feet to a point; south 81 degrees 13 minutes east 28 feet to a point, south 08 degrees 47 minutes west 15 feet to a point and the place of beginning, containing a total of 2,970 square feet.
The conveyance shall be made under and subject to all easements, servitudes and rights of others, including but not confined to streets, roadways and rights of any telephone, telegraph, water, electric, sewer, gas or pipeline companies, as well as under and subject to any interest, estates or tenancies vested in third persons, whether or not appearing of record, for any portion of the land or improvements erected thereon.