1. The Church of Jesus Christ of Latter-Day Saints reportedly purchased worthless swampland in Florida during the early 1960s near Orland, Florida. Perhaps they were motivated by rumors of Walt Disney building his theme park in Orlando.
2. To secure the debt through Chase Manhattan Bank (Rockefeller), they reportedly mortgaged Salt Lake City properties including Temple Square.
3. When the Florida properties reportedly turned out to be worthlesss swampland after all, the Church was unable to liquidate its holdings or meet its payments on those properties.
4. Robert Vincent de Oliverri (pictured above in Salt Lake), the second richest Rothschild in the world, apparently converted to the Mormon Faith and then wrote a check to pay off the Rockefeller debt.
The Church organized the CORPORATION OF THE PRESIDENT OF THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS in 1917. The purpose of this corporation is stated as follows:
"The object of this corporation shall be to acquire, hold and dispose of such real and personal property as may be conveyed to or acquired by said corporation for the benefit of the members of the Church of Jesus Christ of Latter-day Saints, a religious society, for the benefit of religion, for works of charity and for public worship. Such real and personal property may be situated, either within the State of Utah, or elsewhere, and this corporation shall have power, without any authority or authorization from the members of said Church or religious society, to grant, sell, convey, rent, mortgage, exchange, or otherwise dispose of any part or all of such property." (Source)
Interestingly enough, the value of Church real-estate and real property holdings was 1.5 million when the corporation was created in 1917. The articles were amended in 1933 to permit the Quorum of the Twelve Apostles to manage the Corporation in the event of the death of the President of the Church until a new President was sustained. In 1973, they were amended once more by President Harold B Lee:
"Upon the winding up and dissolution of this corporation, after paying or adequately providing for the debts and obligations of the corporation, the remaining assets shall be distributed to a nonprofit fund, foundation or corporation, which is organized and operated exclusively for charitable, educational, or religious and/or scientific purposes and which has established its tax-exempt status under Section 501(c)(3) of the Internal Revenue Code." (Ibid)
Some individuals believe, because of the above amendment, that it was the intention of Harold B Lee to dissolve the Corporation of the Presidency of the Church of Jesus Christ of Latter-Day Saints and replace it with a 501(c)(3) organization under IRS guidelines. This would have introduced transparency into the equation:
Under Section 511, a 501(c) organization is subject to tax on its "unrelated business income," whether or not the organization actually makes a profit, but not including selling donated merchandise or other business or trade carried on by volunteers, or certain bingo games. Disposal of donated goods valued over $2,500, or acceptance of goods worth over $5,000 may also trigger special filing and record-keeping requirements.
Note that "tax exempt" also does not excuse an organization from maintaining proper records and filing any required annual or special-purpose tax returns. (Source)
In other words, Harold B Lee, wanted to make the financial records of the Corporation of the Presidency of the Church of Jesus Christ of Latter Day Saints open to the general membership of the Church. Some wonder if he was trying to expose the Church's relationship with the Rothschilds. His amendment was signed on November 19, 1973.
On December 26, 1973, Harold B Lee died of a massive heart attack. Some claim that he was assassinated through an injection of Potassium Chloride while being treated for a back ailment at LDS hospital in Salt Lake City.
The Corporation in question would have to issue stock. According to the guidelines of its Articles, the President of the Church could assign those shares of stock to whoever he wishes. Some critics are asking if the Rothschild family were given shares of this stock in exchange for their financial assistance. Again I quote from the articles:
"Such real and personal property may be situated, either within the State of Utah, or elsewhere, and this corporation shall have power, without any authority or authorization from the members of said Church or religious society, to grant, sell, convey, rent, mortgage, exchange, or otherwise dispose of any part or all of such property."
This might explain why the Rothschild family was publicly praised at a recent BYU commencement ceremony, and why students were told that the Bankster in Chief led a life that was worthy of emulation.