Re: Longest plan

On Thu, 21 Nov 2024 09:47:51 -0500, Evelyn C. Leeper wrote:

On 11/21/24 4:00 AM, Charles Packer wrote:

On Wed, 20 Nov 2024 08:23:59 -0500, Cryptoengineer wrote:
 

In practical terms, this limits such instruments to around 100 years.
For example, Disney has an agreement with the state of Florida which
grants certain privileges until 21 years after the death of the last
survivor of the descendants of King Charles III at the time the
agreement was made.
>
>

Do you have a source for this rather bizarre provision?

 
Google is your friend, but here's one source:
 
<https://www.npr.org/2023/03/30/1167042594/disney-desantis-board-reedy-

creek-charles>

 
...
 
Florida Gov. Ron DeSantis, Walt Disney World and a special tax district
are once again making headlines, but this time, it's with a new cast
member: England's King Charles III.
 
In a quiet move that's enchanting the internet, the former `` signed its
power back to Disney before leaving office, a binding declaration that
doesn't expire until England's monarchy dies out.
 
...
 
And, in an extra detail that the internet is devouring, the term of the
agreement was set using the "Rule Against Perpetuities" — which states
that a policy will continue until after a certain person dies.
 
In this case, the declaration will continue "until twenty one (21) years
after the death of the last survivor of the descendants of King Charles
III." DeSantis, after all, frequently refers to Walt Disney World as a
"corporate kingdom."

Now that I've had a chance to study this I see why I missed out
on learning of the King Charles angle. I don't follow news about
corporate governance shenanigans. Even though this quirk is the
kind of thing New York Times readers such as I would expect to have
called to their attention, there was nothing there. Shame on the
Gray Lady!

Anyway, the ghost of Cecil Rhodes would get a chuckle out of it.
He wanted to bind America and Britain back together, with or
without a monarchy. Thomas Jefferson, however, is turning in his
grave.

 
...