First Presidency were at the office. Attorney Franklin S. Richards, who had been asked how the Church could hold its lands in Canada, reported at the office this afternoon as follows: That the Church lands in Canada be deeded to the Stake Presidency and High Council of Alberta as a corporation; and that they be required to give a declaration of trust to the Trustee-in-trust, and agree to account for the proceeds of sales, for which they shall receive two per cent for attending to the business. If it should be found that two per cent is not sufficient compensation the rate is to be increased. Bro[ther]. Richards was authorized to attend to the legal part of this business, and to get the local attorney at Lethbridge to attend to the necessary part of it at Cardston.
[Source: First Presidency and Quorum of the Twelve minutes]