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Lytle grew out of 321 acres located around the head of Atascosa Creek, patented to Henry Volkner in 1856. Volkner was the assignee of Mahan Matter, and the patent was signed by Elisha M. Pease, Governor of Texas. In 1870, Volkner sold the 321 acres for $175 to Fitch S. Adams.
In 1904, the ranch started using land and development companies for wholesale purchases, but in 1905, 800,000 acres (3,237 km 2) were also divided up into 160 square-mile tracts. In 1905, to prevent speculation, the syndicate established a land commissioner and a real estate trust in 1915. This trust, Capitol Reservations Lands, operated until ...
The Texas Pacific Land Corporation is a publicly traded real estate operating company with its administrative office in Dallas, Texas. Owning over 880,000 acres (3,600 km 2) in 20 West Texas counties, TPL is among the largest private landowners in the state of Texas. It was previously organized as a publicly traded trust taxed as a corporation ...
On April 23, 2024, a judge granted preliminary approval to a $418 million antitrust settlement with the National Association of Realtors that ends customary real estate broker commissions of up to ...
In Texas, there are two forms of municipal government: general-law and home-rule. A general-law municipality has no charter and is limited to the specific powers granted by the general laws of the state. Home-rule municipalities have a charter and derive the "full power of local self-government" [6] from the Constitution of Texas. A general-law ...
After the Civil War, freedmen (freed slaves) were reckoned to be self-sufficient with "40 acres and a mule." In the 20th century real estate developers preferred working with 40-acre (16 ha) parcels. [2] The phrases "front 40" and "back 40," referring to farm fields, indicate the front and back quarter-quarter sections of land.