The leader-enterprise. [volume] (Fitzgerald, Ga.) 1912-1915, 1914-06-26


Mr. Barrett should show that certificate to could be seen
the conditions of e that the title in fee belonged to
Cha S. Barrett Union City, but that the name bank held
first $780, Suppose Mr. later date would de-
borrow another $780, and he should to second bank
which would ask what kind of land it, Mr. Barrett would
Torrens then show the certificate. the
banker could observe that the land fee belonged Mr. Barrett
but that the first bank had first lien for $780, he knew that
the land would bear another $500 loan he would be ready as he
would make the loan the property and then the cer
would show title fee in Barrett, the first ien and the
second lien AS each paid off the canceng
the paid mortgage taken on land as the
certificate show all loans its face The transfers
would be the legal fee Of so law might re-
qure About ordinary copies of documents record It
as simple and indeed works on the plan of transfer
stocks CORPORATIONS the books of the
land transferred the books of the Land Record by
bonded officer of the State usually by the registrar of deeds
Now opponents of this system against it by recng
that it declared unconstitutional in Illinois Ohio That
true But the people Ohio ratified constitutional amendments
1912 to install it. 1t declared unconstitutional in Ohio IRE
sumaby because there sympathy between the
lawyer and the COURT another because of State constitution
but it has been tested before the Supreme Court of
and has to the Supreme Court of the States the
of Lee Green 1913 u 1872 wherein the Super Court M tho
United State has said that due aw and did not
violate the constitution of the United it did not violate the
constitution of the State 1t declared unconstitutional in ILL.,
no because there judicial power placed upon the clerk a.
though it in force defective way Cook county Illinois,
yet some O business bankers real dealers railroad
magnaes capitalists and other citizens Chicago all said thew
satisfied with the Torrens Land Certificate under the Illinois
pan even in its defective form Railroad presidents saw in this
in
erence to waantee deed backed to guarantee ~ and
you know bonds supposed be the thing in the bust
ness world. ~
To establish the system rightly requires the establishments 4
court necessary with of both original and %
dicton court for that specific work. 1t REQUIRES exnross m
thory to confer certain mudca functions upon tho 81
the titles requires authority the State 70
title All these different requirements are at least
under the several State constitutions
Now, to the guaranty proposition Tho cborao boz -
made that it is liable to bankrupt the State The method f
antee is similar to the guaranty law enacted by the Oabo M
sature and never yet has been known where tho S
have been drawn under the Torrens Certificate When @
lis filed to clear title certain very small per cent lin
one mlD of the value of the land is put into find l
Torrens Guaranty Fund.- and remains there with which ~ 40
the owner should the court make mistake in the land h
registered. Proof of mistake be brought I'm with
time usually within two years. he forever barred ~
ing suit If he should do SO he could recover from tb -
fund the value of the land at the time the title was ~
0" Ny Une
If we continue the present method, and we rnus+ 1
amend the State constitution, of loaning the school fd
estate as in States, shall into extreme dan -
lot of that fund unless have safer system L ~
Iorrens Land System We need the system in every
augurae and effective rural credit system II ~
Torrens Land System is quick inexpensive certain U
asceranlng titles and quick easy method of tranof e
The abstract system is slow, uncertain expensive od
some method that must be abandoned W Uii0er-
10 you want this system Or do you want to con+; =,
certain and procedure abstract svsto2 u
the former, then submit in the form of Amendment want
Legislature IN your several Slater constitutional novor to
a law ~ " PASS such