The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1913-05-31

peers upon demand of any party to
| the proceeding,
Title Is PerpetuaI; Simple Blanks
and Forms Provided.
After the Examiner of Titles shall
nave made his report, the matter hav-
ing been referred to him, a judgment
Is entered declaring the land entitled
to registration and quieting the title,
and IL Is forever binding and con-
elusive upon and against all persons
including the State of North Carolina
whether mentioned by name IN the
publication or included under general
description, ITO whom it may con-
Germ"
The decree is then registered in a
book called "Registration of Titles
and certificate of title is issued to
the owner.
These forms and short methods Of
transfers can be found in the Act as
passed, and blanks will be prepared
Tor every step Of the proceeding un-
der the direction of the Attorney
General.
As to the matter Of conducting q
special proceeding, ii is done every
dey by lawyers all over North Caro-
lima i'm the dividing of land, or selling
and for partition, or by Gduciaries
in selling land to make assets-and
these proceedings are the simplest
branches of the practice of the law.
What Will TOrrens Title Cost?
The next question Is as to the cost
Ii must be understood that there Is
some cost necessarily attached to
such a proceeding. The advantage Is
That you pay the cost once for all if
the system becomes in general use.
The great advantage of the method is
that your title is forever guaranteed
and assured. There Is no going be-
hind that fact and finding.
Under present conditions when a
man desires to either borrow or sell
land. the lender or buyer requires
the title to be examined.
1t Is generally claimed that the
legal profession is opposed to this
kind OF legislation. The Writer does
not think so. In an experience of
80 years OF fairly active practice,
there Is no branch Of the practice of
law so unsatisfactory as the examina-
ton of and passing upon titles. I'm
der the present system of passing of
titles, no lawyer can ever feel en-
tirely satisfied about his work in this
connection. 1t is SO easy for a Clerk,
Register OF Deeds, or lawyer some
times to have made an error, or
something may have been overlook ed
in the tiresome examination of
names. The Torrens system cures
this and will be a blessing to those
whose duty 1t is to search the rec
ords. When you get to the judg-
ment assuring the title, you know
that you have the assurance of the
State behind II.
To return TO our subject, under
the old system, this examination Of
title Is generally always required
whenever there is conveyance
either TO lender or purchaser. If q
man uses his land to borrow money.
this expense attaches every time a
loan is made.
The cost. therefore, in tine begin
ming under the Torrens system is all
the cost and as near as can be ap-
proximated Is as follows: The Ex-
aminer of Titles. IS. (and where
land Is valued for more than $1,000,
so cents for each additional thous-
andD. The Register of Deeds will
get not over 81; the Indemnity
Fund, one-tenth of one per cent OF
the assessed value OF the land for
taxes to be held by him-a tract of
land assessed at $1,000 would pay
80. The publication in a newspaper
will cost $3.50. The Clerk and
Sheriff receive such fees as are now
allowed by law in other special pro-
ceedings; the Clerks would average
I'm case not contested about SIS, and
the Sheriff. II not more than five land
owners adjoined would get SO.
Cost Is Very Little II No One Else
Claims Land.
Not taking into consideration the
cost of "a survey or attorney fees for
preparing the petition and DEGREES,
and all papers Of the proceeding. the
minimum costs ought not to be over
$2j for a tract of land assessed at
$1,000 or less.
AZ To the surveyors charges, these
1enan1 uhnn tho l,cnlitu tho .np