The Birmingham age-herald., 1923-01-07
PROPERTY DEEDS TOTAL LINC S23O,0OO FILED FUR BURGER
Four Lots For Site of New Store Conveyed New Real ty Company Will Handle
 Transaction
considerations

Deeds carrying considerations amounting to s2SO.OO0 and convey Ing four lots at the corner of Fourth avenue and Twentieth street to Louis Phillips as trustee were filed in the office of the probate judge Saturday. These deeds mark the consummation of the deals whereby the Burger Dry Goods company acquired property for the location of it's proposed new store.
 At the time of the filing of the deeds for record certificate of in- corporation for the Burger-Phillips Realty company was filed in the pro- bate office. This corporation Is capitalized at s400,000 and will handle the property acquired by Louis Phil lips as trustee. The incorporators are Jacob Burger, president. holding 334 shares of stock in the company Louis Phillips, vice president, hold ing 333 shares of stock and Sam Phillips, trustee. secretary and treas urer, holding 333 shares.
 The property conveyed to MT. Phil lips as trusteee extends from the corner of Fourth avenue and Twen- tieth street to Fourth alley and has a depth of 150 feet. It is part Of the Wadsworth estate. It consists of lots Il, 12. l3 and 14 of block 59. ac- cording to the present plan of the city by the Elyton Land company.
 Owners of Property
 F. F. Nabers and Beville c. Nabers, his wife, and S. F. Nabers and Bertha K. Nabers. his wife, sold to MT. Phil- lips, as trustee. the north 35 feet Af 1Af n- ming at a point 105 feet north of the intersection of Twentieth Street and Fourth avenue and fronting To feet on Fourth avenue and 35 feet on street. The consideration was $50,000.
 S. L. Tyson and Nina W. Tyson conveyed the east 25 feet of lots Il and 13 and all of lot IA forming a rectangle extending 75 feet on the nCrth line of Fourth avenue and north 14O feet to the south line of Fourth alley. They also sold the north 39 feet of the south 64 feet of lot 12 and the north 39 feet of the south C4 feet of the west 25 feet cf lot 13. The consideration in this deed was the payment of $o0.Oo0 in cash and the assumption of an in debtedness of S40.000 to the Mutual Life Insurance company OI NeW York, which indebtedness Is secured by a first mortgage on the property.
 Jennie W. Virgin and her husband, Ira Virgin, sGld Mrs. Virgins inter est in lots II. 12 and 13 awarded to her as an heir of the Wadsworth estate. The consideration was named as $10,00o.
 Robert L. Ingalls, and Ellen c. In gals sold the south 25 feet of lor 12 and the south 25 feet of the west half of lot IS. The consideration in this deal was the Ithyment of $10.00o cash and the assumption of s50,000 owing the Provident Life and Trust company, secured by first mort gage, and $20.000 due Carl Steiner, secured by a second mortgage.
 All of the property conveyed is held under lease and will be occu- pied by the present tenants until the expiration of their contracts. unless other arrangements are made. Some of the leases do not expire until 1925.
 Plans of the Burger Dry Goods com pany call for the erection of one of the handsomest buildings in the business district at the expiration Of the leases now held on the property. The proposed building will be seven stories in height and modern in every respect.