Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-01-05
FOR TRUE PRICE BILL
House District Committee Au-
thorizes a Favorable Report.
HAS LOCAL OPPOSITION
Realty Dealers and Owners Will
Fight the Measure.
TWO OTHER BILLS REPORTED
Both Refer to Land in Which the
Government and District
Are Interested.
TWO OTHER BILLS REPORTED

At today's weekly meeting of the House
District of Columbia committee favorable
reports We're authorized on three local
bills, the most important Of which is that
introduced some weeks ago by Chairman
johnson requiring the recital OF the real
consideration in deeds. mortgages and
deeds Of trust to property in the District
of Columbia This bill has aroused in
tense opposition among real estate inter-
ests in the National Capital.
Another bill favorably reported Is that
introduced by Chairman johnson and proa
viding for the proper deed of conveyance
to real estate In the District when the
United States contributes to its purchase
or condemnation. and the third upon
which favorable action was taken by the
committee is another Johnson bill, which
provides for the approval by Congress Of
the location and price paid for real es-
tate toward the purchase of which the
United States contributes.
These three bills will probably. come
before the House next Monday, which is
District day under the rules.
Real Consideration Required.
The text Of the important real consid-
eration' bill as favorably reported by the
committee is as follows:
Hereafter it shall be unlawful for any
officer or any of his deputies or clerks,
whose duty 1t Is. or may hereafter be-
COME, to put to record any deed of con-
veyance for any real estate in the Dis
tr1ct of Columbia. or to put to record
any mortgage or deed of trust upon any
real estate in said District unless said
deed OF conveyance, mortgage or deed of
trust Is accompanied by statement, sub
scrlbed and sworn to before some one
authorized to administer an oath by the
grantor In deeds OF conveyance, or by
the mortgagee in mortgages or deeds of
trust, to the effect that the considera-
ton, as set out in the said deed Of con-
veyance, mortgage, deed Of trust or other
IKE recordable papers, is the entire and
real consideration actually passed or to
be passed.
Neither shall any consideration greater
than that fully expressed in the con-
veyance, mortgage, or deed of trust be
or become a lien upon the property des-
crlbed in the said paper.
Neither shall any consideration for the
execution of any such aforesaid paper
winch Is greater than the consideration
mentioned therein, be collectable in any
court of law or equity.
Any person who shall swear falsely in
making the statement herein provided for
shall be deemed guilty OF perjury. and
subject to all of the penalties imposed by
law Tor that onense: Any recording Of
hcer who shall violate the provisions of
this act shall, upon conviction, be re-
moved from office, and, in addition there
to, pay fine of $780,"
Deeds Of Conveyance.
The bill relating to deeds of convey
ance provides:
That hereafter whenever any real
estate is acquired, whether by pur-
chase or condemnation to be used in
whole or in part by the municipal gov
ernment of the District of Columbia, or
any branch or department thereof, and
the United States contributes to the
purchase price. thereof, the deed of con-
veyance therefor shall be made to the
District of Columbia and the United
States jointly in the same proportion
to which each has contributed toward
Its purchase or condemnation
Approval Of Site and Cost.
The bill providing for the approval
by congress of the locat' n and price
of real estate toward the purchase Of
which the United States contributes
provides:
THAT hereafter whenever any real es-
tate Is acquired, whether by purchase or
condemnation to be used in whole or in
part, by the municipal government of the
District of Columbia, and the United
States contributes any part Of the pur-
chase price or for condemnation proceed
ings, said purchase or condemnation shall
not become complete. the consideration
shall not be paid. and no title shall pass.
until Congress has approved both the ex-
act site of said real estate and the exact
cost thereof. which approval shall not be
IN advance Of a delivery in escrow. to the
District Commissioners Of deed of con-
veyance setting out the location of the
property, as well as the real considera-
tion therefor"