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SW OH | There was something similar to that in our neighborhood 20 years ago. There is a very, very long story behind all of this but I'll try and make it short. Ralph J Stolle was a very rich man and was said to be worth more than 5 billion dollars at the time of his death. He lived on a farm in Oregonia Ohio. Whenever any piece of sizeable land came up for sale in the area, he bought it. Supposedly his will or whatever he had stated that none of the land could be sold or developed for 99 years after his death.
One of his grandsons was in charge of the estate. He started shutting parts of the farm down before Ralph was dead. He attempted to turn he farm into a new city with 10,000 plus homes about 10 years after Ralph's death. He has since sold of large parts of the farm land. If this is all true Ralph would have exiled his grandson from the fortune before his death.
Mitchco | |
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How would they enforce this deed restriction?
