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The New York trust company would soon fail having stolen over $200,000 from the state of Arkansas through this deal. Holford then sought to make back the money by suing the state of Arkansas for $250,000, filing in both Arkansas and New York. Then the Real Estate bank failed and the ownership of the bonds was transferred to the state.
The proceeds from each sale of tax delinquent property are dedicated to public schools throughout the state. The Land Commissioner also serves as leasing agent for oil, natural gas, sand and gravel deposits on state lands, administers the beds of navigable rivers and streams, and is custodian of Arkansas' original land records. [4]
Whitewater controversy. The Whitewater controversy, Whitewater scandal, Whitewatergate, or simply Whitewater, was an American political controversy during the 1990s. It began with an investigation into the real estate investments of Bill and Hillary Clinton and their associates, Jim and Susan McDougal, in the Whitewater Development Corporation.
The Real Estate Bank of Arkansas was a bank in Arkansas during the 1830s through 1850s. Formed in 1836, the bank had a troubled history with accusations of waste and favoritism, as well as violations of the bank's legal charter. The bank suspended specie payments in 1839 to allow it to lend out more money. Paper money issued by the bank lost ...
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general. [1][2] In terms of law ...
Arkansas (/ ˈɑːrkənsɔː / ⓘ AR-kən-saw[ c ]) is a landlocked state in the West South Central region of the Southern United States. [ 9 ][ 10 ] It borders Missouri to the north, Tennessee and Mississippi to the east, Louisiana to the south, Texas to the southwest, and Oklahoma to the west. Its name derives from the Osage language, and ...
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