Date Original
1907
Description
This collection contains a timber deed.
Biographical/Historical Note
This collection contains a timber deed. A timber deed is one method of selling timber. Where a timber deed is used, the title to the timber passes to the buyer when a properly executed deed is delivered and recorded. Under a timber deed: 1) Seller conveys all liability and risk in timber to buyer upon deed execution and payment. 2) Seller receives a one-time, fixed amount payment in exchange for the deed. The gain or loss in the timber cut-out and decision on use belongs solely to the buyer. 3) Some deeds are specified to be a certain length of time in duration. Timber uncut after that period reverts-back to seller, unless seller voluntarily grants or sales an extension to buyer. 4) Capital gains tax may not apply for certain sellers who use “Timber Deeds” based on their frequency of past timber sales. This timber deed was issued to Watkins Lumber Company for land in Polk County and Montgomery County, Arkansas; this deed was issued by R.E. Roberts and his wife.
Physical Description
Document, 8.5" x 11"
Geographical Area
Polk County (Ark.); Montgomery County (Ark.)
Language
English
Identifier
SMC.101.023
Resource Type
Text
Collection
Watkins Lumber Company timber deed, SMC.101.023
Publisher
Arkansas State Archives
Contributing Entity
Arkansas State Archives
Recommended Citation
Watkins Lumber Company timber deed, Arkansas State Archives, Little Rock, Arkansas.
Rights
Use and reproduction of images held by the Arkansas State Archives without prior written permission is prohibited. For information on reproducing images held by the Arkansas State Archives, please call 501-682-6900 or email at state.archives@arkansas.gov.
Disciplines
United States History
