Charles City intelligencer. [volume] (Charles City, Floyd County, Iowa) 1864-1866, 1864-12-01
NUMBER As.
SUCCESSION To REAL ESTATE.

1 htNSsoSio9S NJ REAL
Sec l26. And be it further enacted,
That for the purposes of this act tho
term real estate shall include all
lands, tenements, and hereditaments,
corporeal and incorporeal that the
term succession shall denote the
devolution Of title to any real estate /;
and that the term "person shall be
held to include persons, body corpo-
rate, company, or association.
Sec. 1877. And be it further enacted,
That every past or future disposition
of real estate by will, deed, or laws
of descent, by reason whereof any per-
so[n shall become benefcially enti-
tied, in possession or expectancy, to
any real estate, or the income thereof,
upon the death of any person dying
after the passing Of this act, shall be
deemed to confer, on the person enti-
tied 10y reason Of any such disposition,
succession !" and the term "suc-
cessor shall denote the grantor, an
cestor. or other person from whom the
interest of the successor has been or
shall be derived. .... 4a.. -........s
Sec. 1873. Aud be it further enacted,
That where any real estate shall, at
or after the passing Of this act, be
subject to any charge, estate, or, in
terest, determinable by the death Of
any person, or at any period ascer-
tainable only by reference TO death,
the increase of benefit accruing to
any person upon the extinction or de-
termination Of such charge, estate, Or
interest, shall bo deemed to be sue
cession accruing to the person then
entitled, beneficially, to the real cs-
tate or the income thereof. .,..
Sec. l29. And be it further enacted,
That where any persons, after the pas
sing of this act, shall take any success
tsion jointly, they shall! pay the duty
chargeable thereon by this act in pro-
portion to their respective interests in
the succession and any bencficialin-
terest in such succession. accruing to
any of them by survivorship. shall be
deemed to be new succession, deriv-
ed from the predecessor from whom
the joint title shall have been derived.
Sec. 1870. And be it further enacted,
That where any disposition Of real es-
tate shall be accompanied by the re-
| servation or assurance OF, or contract
for, any benefit to the grantor, or any
other person, for any term of life. or
for any period asccrtainaGle only by
reference to death, such disposition
shall be deemed to confer at the time
appointed for tue determination of such
benefit an increase Of beneficial inter-
satR NJ hHPsahh h66al esLatse "a V athec tshaecesssi4y
amount or yearly value Of the benefit
50 reserved, assured, or contracted
for, on the person in whose favor such
disposition shall he made. .-fe -.s.
Sec. l3l. And he il further enacted,
That where any real disposition Of re-
al estate shall purport TO take effect
presently, or under such circumstan-
ces as not to confer succession, bnt,
by the effect or in consequence Of any
engagement, secret trust, or arrange
ment capable Of being enforced in .
court of law or equity, the beneficial
ownership of such real estate shall
not, bona fde, pass according to the
terms of such disposition, but shall, in
fact, be reserved to the grantor or 9TH
er person for some period ascertaina-
ble only Ivy reference to death, the
person shall be deemed, for the pur-
poses of this act, to acquire the real
estate so passing as a succession de-
rived from the person making the dis
position as the predecessor. .....
Sec. l32. And be it further enacted,
That if any person shall. by deed or
gift or other assurance of title, made
without valuable and adequate consid-
GRAFTON, and purporting to vest the
estate either immediately or in the fu.
ture, whether or not accompanied by
the possession, convey any real es
tate to any person. such disposition
. shall be held and taken to confer up
on the grantee a succession within
the meeting of this act. .n.....
Sec. 1873. Aud be it further enacted
} That there shall be levied and paid to
the United States in respect of every
{ such succession as aforesaid. accord
r ing to the value thereof, the following
: uutleS, tual rs W say .. ..arms .E. lid.
! Where the successor shall be the
4 lineal issue or lineal ancestor of the
: predecessor, duty at the rate of on.
/, dollar per centum upon such value.
b Where the successor shall be {
h brother or sister, or q. descendan
J, Of brother or sister Of the predeces
b sor, duty at the rate of two dollar
y per centum upon such value. r
h Where the successor shall be
G brother or sister of the father or moth
z er, or descendant of brother O
e sister OF the father or mother Of th
e predecessor, duty at the rate of fou
II dollars per centum upon such value.
IF Where the successor shall be
= brother or sister Of the grandfather 0
D. grandmother, or descendant of th
N brother or sister of the grandfather G
t. grandmother of the predecessor. q d,
II ty at the rate Of FIVE dollars per Gel
s. tum upon such value. "a
H. Where the successor shall be
H. any other degree Of collateral consal
" lguinity to the predecessor than
s. hereiubefore described. or shall be
IS stranger in blood to him, duty
at the rate Of six dollars per centum u
It. on such value. ...-
to Sec. l34. Aud be it further enacte
., That where the interest OF any su
er cessor in any real estate shall, befo
40 lie shall have become entitled there
e. in possession, have passed by reasl
lis Of death to any other successor or 81
nd cessors, then one duty only shall
Is. paid in respect of such interest, al
he shall be due from the successor wi
All shall first become entitled thereto
H. possession but such duty shall
All at the highest rate which, if eve
ed such successor had been subject
al duty, would have been payable
ed any one of them.
It's Sec. l35. And be it further enacte
he That wherever. after the passing
he this act. any succession shall, befo
the successor SHALL have become Gu