OCR Text |
Show aw aa i TORRENS SYSTEM TO OPERATE IN LOGAN Tho Torrens THIlo Itoglstry Company, Com-pany, a now corporation, lias, established estab-lished offices nt 17 Hxcliango Placo, Salt Lake City, for tlio purposo of teglstcrlng real cstato under tho Torrens Tor-rens System In Utah. This systcu. of registering land became a law In Utah In 1917, when It was passed by tho state legislature. Before passing the law, a careful Investigation was conducted by some of the staten leading attorneys as to liovy, it was succeeding In other Btates where It had been adopted. They found that many states had made It compulsory to register all land tindcrfti'e Torrens Tor-rens System, and -.also (hat many of our largest cities werVnlifg!'hfBsys-tem werVnlifg!'hfBsys-tem for all real.jeatato 1?ans4'cTionsV The law as drted,Yh tfiah 15 ?n embodiment of ,thevAmfeVlcaH Bar aa-, aoclatlon Unlfor,mr,Mi!d9tMfistratton Act. This has proved Vi the prac-ttcal prac-ttcal law and Is meeting with distinct success In all other states whero it has' been enacted, California, Illinois, Oklahoma, Massachusetts, and Minnesota Min-nesota being good examples. Under the Torrens System a perfect guar antee of title Is given by the stato to 1 tho owner of allf cglstcred land. A certificate of tltlo Is Issued which insures tho ownor against all futuro adverse claims and places real estate es-tate traijsactlpns on n commercial basis, as it does away with nil nb-btracts. nb-btracts. Tho Bjstcm greatly simplifies simpli-fies real cstato transactions and eliminates el-iminates any possibility of fraudul-cut fraudul-cut transactions and fully protects the Innocent purchaser. In nil stato whero tho law Is In opciatlon, as wo havo it enacted In Utah, It has proved prov-ed to bo an Immense saving to the stato and Individual property owner. Tho Torrena Tltlo Registry Com-pand Com-pand is fully organized In every do-'all do-'all and Is now registering largo racts of valuable farm land as well b city real estate. James II. Mole is president of tho now company; jcorgo T. Odell, vice picsldent, and Harrison He'dger, manager. |