State passes cemetery ownership to Sharp
VICKSBURG — The Secretary of State’s Office officially transferred the deed to Green Acres Cemetery to Harry Carter Sharp Nov. 12, completing the sale of the cemetery back to private ownership.
“When our agency was first named as receiver of Green Acres, our outlook for this property was dismal at best. However, thanks to the hard work of our staff, we have completed our goal of placing the cemetery into credible, private ownership,” says Secretary of State Delbert Hosemann. “Harry Sharp did a tremendous job of rehabbing Green Acres as co-Receiver of the cemetery and will no doubt continue his good work as owner of the property.”
In March 2009, the Secretary of State’s Office was appointed as receiver of Green Acres after the cemetery’s trust account was found to be deficient of approximately $375,000. In addition to the trust deficiency, there was also a $2.2-million bank debt against the property secured by a deed of trust.
The Secretary of State’s Office was able to release this debt on the cemetery at no cost to the state.
Sharp’s successful bid on Green Acres included: $135,000 in cash payment; 10 percent of the pre-tax profits of the cemetery up to $100,000; approximately $51,000 in improvements to the existing facilities; and, a 30 percent discount on memorials, opening charges and vaults.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- The Dan Jones-IHL saga: Is this the story that started it all?
- DAVID DALLAS — From Dan and Dixie with love
- Email from Nash to Delta Council’s Morgan included in DHA court file
- Dan Jones rejects IHL offer, won't publicly apologize
- Delta Health Alliance CEO Karen Fox under investigation for possible misuse of funds
- BREAKING NEWS: Trustees offer new deal to Ole Miss chancellor Dan Jones
- Suit against Kemper employee Brett Wingo is dismissed
- Ole Miss chancellor: Talks continue over job status
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur