Idaho semi-weekly world. [volume] (Idaho City, Idaho Territory) 1875-1908, 1893-08-11
AN ODD c0RPoRa1Is
WftAT MRS, NARY I'VE.
SAVE Her nEIaa 80 y

She Transferred seart, !.
o 70 an Incorporated orv..,
y The Tyler EstAss.-a.'
o several Ctie. kss*
! Among the properly item. +,
u city Is trying to acqujra ~. w Y
proposed Ninth regirns,, ,'''s = n
: Fourteenth street Il Il, afaxa
Ine yer estate The Tyler sss'l q
, novelty among the corrs... &. -
j country Il is not the j., ,' ss
. ceased person, as one wonla e q
7 infer from the title, but i IS
: a wealthy western widow NJ u. ~
,, her real estate holdings carass - =
a stock company formed r. s.s .a'
: the titles to " Her object i q. s. Il
10 70 arrange the titles b, IL. - II
that when she comes to disrr
her will there will be the MI. = q
opportunity left 10 disappoin,ssss' e's
to contest her will and drsg n 'sss
and private history into IN s. = II
before the public. s'afa
The certificate OF incorpors,,.
estate recites that it was orgsss q
der the laws of Missouri AZ ! 49,
for manufacturing and b,s,a
poses. and is called The Tyls, = 81 Il
1t was organized under the leo, !, / L
and direction Of Henry Hitchcess
st. Louis bar. a lawyer Of ~,
city, who IL said to have ass,,rsd I "a
ens that the laws Of Missouri auss
the organization and formal mr.
tion OF real estate corporations
| The founder and principal mr..
OF the Tyler estate is Mrs. Mar IS
renee Tyler, widow Of Robert ~. r. IS
Louisville She is sald to be ,ro.. !. Z!
eral millions. principally in Ians i. b q
property In this city. PhiladeInb,s 81
isyille. st. Louis and other ulaces MI
winch. however. she has coDyeveI, "a
Tyler estate. taking the stock AZ \. II
cullar corporation in payment RI.
tate Is capitalized at $500. 600 IN, ss
does not begin to represent the !.
value OF the property it owns
THE LAW N SEVERAL. stan.
The real estate records of thi, a,
show the transfer Of two pieces a -.
erty to the estate by Mrs. TYLER i, +
ruary, 1888. the time when the co-.
ton was formed One of the ,tss. n
the lot IN Fourteenth street VIA
wanted by the city for arnlory uur,.s.
and the other is business bniIdins
lot IN Crosby street. between Brogg.,
Spring streets. The city authorize,
the representatives OF the estate Nj
not agree npon the price to be paIi
the city for the Fourteenth street lt
condemnation proceedings have ii. =
fore been begun, wherein the prics
be fixed by commission
But the principal interest in the 4.
attaches to the corporation itself M
devices have been resorted to in M
past by wealthy people who had MI
Estates to dispose OF by will to Dr.
line quarreling of heirs over the mr.
N which the property has been ds-
lted by the owner in his or her viii
his Is the first instance ever heard i 4
when a private person. having no dxJ
'r intention of going into business, Nd
oilie occasion for forming a limited
'llity corporation might exist, has rs
'ntarlly had her property captain,
md represented in stocks and bonds n
In some Of the states corporations
ne purpose Of holding titles to real ! Z
ate are prohibited by law New r.
SAID to be one of these states and
lois another. Bnt they are apparss
anctioned by the laws of Missouri, 8
ne laws OF this state permit the hoIts
title to real estate by any corporata
rganized under the laws of any OH
tate, the laws of which adthorize
xistence OF a corporation for the Es
ose stated.
no" THE SCHEME MAY WORK. M
VINO the present officers of the Ivs
state are could not be ascertained. Il
ny statement regarding the details
le organization whether the corm
on has more than one executive off,
." the property is managed by "
ncers, or In what manner transfen
al estate belonging to such corpn
on could be made so as not to affeclu
'iue OF Its shares or to impair the ser
OF the bonds, How long a life sol
corporation could have is GUESTS
rthermore, which no LAWYER couda
yer offhand
But 1t is claimed for it that the prs
" can In this manner be held torets
long periods of years, whereas
II ordinary conditions, no sooner ii
eaithy persons will filed for prohl
an long contest begins in the co1a
tween the various heirs over the ma.
Z OF Its distribution among them
by Incorporating, AS Mrs. Tyler BIZ
he' 1t is declared that all trouble
5 character is done away with. Ta
.atrlx Wills not her property, but ~
tam numbe of shares of her estsn
each heir, who is limited by his q
tuhitles to either accept or rejet
m This, however, still leaves til
testing heirs OPPORTUNITIES TO fgh
7 the distribution of the shares.
tut Mrs, Tyler expects to get the BET
OF this class of heirs by giving awal
shares to the persons she desires 81
e them before her demise. The cor
alton, as said, is a novel one but
the trust, may prove to be only tn
runner of many which will be or
lZea as soon as the legal status Of to- 81
n estate shall have been passed upOi Is
ONE competent legal tribunal. -NeF
k Times.
Music From Insects.
10 notes of the katydid are perhaF q
lulilar as any and have n certain Re