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A predecessor of the Detroit and Mackinac Railway built a station here, and the community incorporated as a village in 1887 and later as a city in 1895. Tawas Beach was established nearby in 1903 along the railway line in Baldwin Township. A post office opened here on June 12, 1903, until the community was annexed into the city of East Tawas in ...
Under Section 1031 of the United States Internal Revenue Code ( 26 U.S.C. § 1031 ), a taxpayer may defer recognition of capital gains and related federal income tax liability on the exchange of certain types of property, a process known as a 1031 exchange. In 1979, this treatment was expanded by the courts to include non-simultaneous sale and ...
Due-on-sale clause. A due-on-sale clause is a clause in a loan or promissory note that stipulates that the full balance of the loan may be called due (repaid in full) upon sale or transfer of ownership of the property used to secure the note. The lender has the right, but not the obligation, to call the note due in such a circumstance.
North Fox Island from the East. North Fox ( 45.4792°N 85.7771°W) is the smaller of the two islands, 3.32 square kilometres (3,320,000 m 2; 820 acres) in area, roughly 2 miles (3.2 km) wide by 1 mile (1.6 km) long. This island was purchased by real estate magnate David V. Johnson in 1994 for $1.3 million, and the entire island was sold back to ...
Leisurama house. Leisurama was a line of inexpensive prefabricated houses which were available for purchase through Macy's department stores in the United States in the mid-1960s. The precursor to the final design was shown at the 1959 American National Exhibition in Moscow, which provoked the noted Kitchen Debate between Vice President Richard ...
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