http://user.xmission.com/~research/central/chorg3.htm

1923

"ARTICLES OF INCORPORATION
First: The name of this corporation shall be the CORPORATION OF THE PRESIDENT OF THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS.

Second: The object of this corporation shall be to acquire, hold and dispose of such real and personal property as may be conveyed to or acquired by said corporation for the benefit of the members of the Church of Jesus Christ of Latter-day Saints, a religious society, for the benefit of religion, for works of charity and for public worship. Such real and personal property may be situated, either within the State of Utah, or elsewhere, and *********this corporation shall have power, without any authority or authorization from the members of said Church or religious society, to grant, sell, convey, rent, mortgage, exchange, or otherwise dispose of any part or all of such property.************"



Just so I don't misunderstand this - the corporation can do whatever they want with whatever is in their possession whenever they want. And that tssc is a corporation, it is not TWO separate entities.


1973
"Upon the winding up and dissolution of this corporation, after paying or adequately providing for the debts and obligations of the corporation, the remaining assets shall be distributed to a nonprofit fund, foundation or corporation, which is organized and operated exclusively for charitable, educational, or religious and/or scientific purposes and which has established its tax-exempt status under Section 501(c)(3) of the Internal Revenue Code."


In this amendment it appears they are already talking about the dissolution of the corp and where the assets will go. Looks good but if they can do what they want with the assets why would there be any left at the dissolution?


Can anyone tell me where I might find more information about how, when, why tssc became a corporation?

Then I find this!

http://www.moneyteachers.org/Corporation+Church+Jesus+Christ+Latter+Day+Saints.html

"In other words, Harold B Lee, wanted to make the financial records of the Corporation of the Presidency of the Church of Jesus Christ of Latter Day Saints open to the general membership of the Church. Some wonder if he was trying to expose the Church's relationship with the Rothschilds. His amendment was signed on November 19, 1973.

On December 26, 1973, Harold B Lee died of a massive heart attack. Some claim that he was assassinated through an injection of Potassium Chloride while being treated for a back ailment at LDS hospital in Salt Lake City."


Hmmm?

found a 2011 discussion on the rumor

My understanding is that in the fight to ban polygamy, in 1890, the US Congress disincorporated the LDS Church and seized all its assets. As they recovered the assets through abandoning polygamy, the splinter groups still practicing plural marriage after the second manifesto were able to take property with them, because the property of each building, each storehouse, was actually held in ownership by individual bishops. If a bishop left the church (often to continue polygamy) the LDS church lost that property in disputes.

As I understand, the 1923 corporation sole move was to stop the flow of property going out to polygamists.

I don't know anything about the Harold B Lee conspiracy claim, but it seems very unlikely.

I talked about some of the amendments to the sole incorporation here:


http://exmormon.org/phorum/read.php?2,974798,976789#msg-976789

The 5th amendment text reads:

"Upon the winding up and dissolution of this corporation, after paying or adequately providing for the debts and obligations of the corporation, the remaining assets shall be distributed to a nonprofit fund, foundation or corporation, which is organized and operated exclusively for charitable, educational, or religious and/or scientific purposes and which has established its tax-exempt status under Section 501(c)(3) of the Internal Revenue Code."

The vagueness of which non-profit would get the assets is clearly intentional.



Edited 2 time(s). Last edit at 08/21/2013 03:45PM by Jesus Smith.

Joseph Smith's new church that would eventually become known as LDS Inc, was a corporation duly registered with the State of New York as a money making enterprise from DAY ONE on 6 AP 1830.

MORmON scholars were actually proud of this fact, and they publicized it to attempt to demonstrate how proper and law abiding that Joe was, (in order to try to counter more common and prevalent notions of the time that Joe was really a sloppy renegade con man / OUTLAW)

The fact that LDS INC was a duly registered legal corporation
from the start is alluded to in the MORmON movie series "The Work and The Glory" based on the (POS) books by Lund.
There is a wedding scene. The father of the bride (Mr. McBride) does not approve. He rides up, interrupts the proceeding, and declares it to be illegitimate, as Joe Smith is presiding. The response to this claim is that the all proper paper work has been submitted to the government authorities, to give Joe the legal right to officially act in this capacity as head of a church.


However in more recent times, LDS INC executive and MORmON ASSpostHOLE (LYING POS) David Bednar has made other highly misleading declarations about LDS inc.

https://www.youtube.com/watch?v=sQ1uIgbI2QY

so, when MORmONS want their church to be a corporation then it is, and when they dont want it to be a corporation then....

welcome to the quantum world of MORmONISM! It makes sense.... to MORmONS!

https://www.youtube.com/watch?v=sQ1uIgbI2QY

That video is hilariously dead on. Luv it!

Reading the comments on the video I realize just how much tssc likes the uninformed member.

What is really bad about the corporate structure is that all power and financial decisions have been bestowed on one man.

One man, as others before him, with dementia, a signature machine, and no checks and balances on a super secret system.

We do not know who has been making deals in the LDS company, we do not know who the power players are, simply the figureheads.

We do not know what assets are worth, and what may have been borrowed against them, by unknown persons. We do not know who has contracts or who the contracts are with.

We do know the COB is an unhappy place to work but we have no reports of embezzlement, ever. This should sound suspicious.

We have continuing reports of desperate business moves, from a company known for their conservatism. Sending out younger missionaries-while making money from their families, the mall, layoffs and forced early retirement of church employees, changes in tithing slips notating all moneys however earmarked will be used for anything they want. Forced and coerced volunteering for janitorial duties at meetinghouses and temples. The closure of Beneficial Life and the sale of radio stations.

Tithing income has undoubted fizzled, with many Americans simply not going to the LDS church, while undoubtedly stopping donations. My guess is that the LDS presence in Africa is not bringing in a lot of revenue.

I think a few families, and we do not know who they are, have shoveled money out of this company and probably out of the country. There is a reason other companies have check and balance accounting systems.

Most of the LDS empire is in real estate and that is very expensive to hold. While they may be exempt from most property taxes, there is still maintenance, utilities, and continued building in some profitable areas...which again may insider contracts with insider trading. Insurance on these properties must be huge, and while they may self insure, they still have to pay claims. Perhaps on property in their name, but the local bishop may have borrowed a double gob of money against.

If LDS Inc had their way, we never would have heard of Mark Hofmann.

The only thing that we have to tell us that LDS Inc is a wealthy company is their word for it, and they are deceptive in EVERY other area.

I think LDS Inc, if not bankrupt, is very close to it.



Edited 1 time(s). Last edit at 08/21/2013 06:58PM by deco.

Appreciate all the information.
Preparing for "family discussions" during the holidays.