While LXA has gone through many Property Changes, theold days, the house if folded, the International took over the property! The Fraternity made loans to Chapters to build Houses!
The last was U Arkansas!
We have started a LCAP or a group of Alums who volunteer their time to work out Financing and give loans for things such as fire safety! The Reason being that the Insurance costs have become so high! We used to Insure the Fraternaity through Lloyds Of London! Well unless you are blind, they got in financial straits! Now we do our own Insurance payments , they keep going up! Hell what Insurance Co. wants to insure a bunch of damn Kids?
We are looking at a 700,00.00 $ new house! That is just building, not furnishing!
Now many Schools own the House that We live in and dictate how we live!
My chapter property is owned by th House Corp who over sees the financing!
If you are not the driver of your own destiny, then what?
Yes we own a heck of a piece of Property but with a shit house on it, We are trying to build a new house! It takes a lot of money to do this and if you do not have dedicated Alums to place a large porotion of cash in you are in trouble.
I have always thought, you are the destiny of your chapter, do not give up control of it to someone else!
Well, Iam out of this now! NUFF SAID!
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LCA
LX Z # 1
Alumni
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