Back in time, Chapters had to sign the property to National in case they went belly up!
But because of many things such as Insurance, Natioanal decided to back off of that posture! Our Housing Corp. owns the House and the land all of it! Another reason, is that many houses were of unsafe conditions and not worth anything, erg, get the hell away from them for the risk! Ta Da!
I know for a fact, that when this was discussed this weekend, the propery that we own at LX Z with 2 houses, it would be worth around 80,000, but empty around 125,000. Go figure!
I may want to dispute your largest merger with PSE, as they were on my campus back when! I am aware of the merger between PSK and PSE as did research it a little!
To my knowldge, the largest merger is still between LXA and TKN in 1939.
There were at one time merger talks between LXA and TKE but did not happen!
LXA help TKN get started as LXA was Founding on Larger Scholols while for betterment, TKN was started on smaller State or Religious Affilated Schools!
Appreciate if you check and give me facts to refute what I just typed!
