Show TORRENS TRANSFER SYSTEM the rhe torrens correna system of transferring land titles title which at the recent election was wae adopted lor for cook county illi note not by yeas against nays days is one for which many advantages are claimed as compared to the common system briefly stated it consists of the registration of the title itself instead of the deed which to is merely an evidence of the title it has haa been beed to in operation for years in australia england and several european countries and found to be exceedingly practical inasmuch as an it facilitates the transfer and renders the discovery at the right moment of any cloud upon the title an easy matter according to the torrents torrens system the rei register later always ways shows in whom the title Is ir end and what and charges it is ie to each certificate of title becomes an authentic document back of which there to ia no occasion to te look lok the advantage of which to la at once apparent Couce concerning the operation of the act a lengthy explanation appears in the chicago times herald when a title has haa been registered the owner has haa a certificate reads sumet something bing like this state of county on BB john doe of in said county and bbate a bachelor is the owner in lee fee simple of lot 1 block I 1 original town ot of subject to the estates easements ease menia incumbrances and charges hereunder noted witness my hand and official abal this day of 1895 seal Ri RICHARD roz BOB recorder this to la a duplicate of tine the certificate in the Reg register leor of titles the book boo k kept in the regis trails office in ilk case this the owner wishes to borrow some money on his bla land this certificate in his possession shows at once what his hie ju in terest in the land Is ia and what en cumbra noea noes there are upon it it may not show enow however what liens there are upon it through legal pre coe oe edingB dinas but the register shows these it there are any for no attachment ot of any aby kind can be put upon the land except by notification entered upon the register immediately under the certificate where they can be found at a glance it the title is found satisfactory the owner executes the mortgage and this is entered under the recorded certificate of title the mortgage la 18 retained by the registrar and a duplicate may be delivered to the mortgagee in case the owner wishes to sell me land the buyer has but to examine the register as everything that can affect the title in siby auy way must be found there if the sale to is consummated the transfer will be effected in the following ing manner the seller will execute a deed this deed does not however transfer the title it simply authorizes the registrar to make the transfer the deed with thes thess eilet ilera nu duplicate plicato certificate or of title are delivered to the registrar who if he finds that the seller has the title he 69 proposes to convey and that the deed to la in due form mad and its ita execution duly proved will proceed to make the transfer upon we the register that la Is to say he be will cancel the old oats oate and make out a now new one to the new owner which will be recorded upon a now new page of the register the old account will be closed and all future dealings will be entered under the new certificate until the title ball dball be again transferred jim in like manner the he deed will be filed bled and remain with the registrar as aa a protection against forgery and fraud one of the best features feature of the act la Is that which refers to transmission by will by the correne act the title goes not directly to the heirs but to the executor or administrator proof 0 to 1 made and the rights of the heirs found by the court end and the executor or administrator is directed by decree to transfer the title accordingly and upon this decree being filed with the registrar and the surrender and cancellation of the certificate of title the transfer to the heirs or devises devisee to Is made upon the rei reit rioter later ample opportunity port unity anity is given for the settlement of all disputes in advance of this transfer but when once it to is made there will remain no occasion cension for rummaging through long and tedious litiza eions at every subsequent transfer every question that may affect we the title to la settled once for all at the time of the transfer what to ia behind it la Is dropped into everlasting oblivion so far as anyone thereafter dealing with the property in good faith to is concerned such in brief are the provisions of a system for the transfer of title for which it is claimed that it substitutes security for insecurity reduces the cost of conveyance materially and protects against fraud |