Brother Franklin S. Richards, one of the Church attorneys, had an interview with the First Presidency regarding the corporations existing in the various Stakes and Wards for the purpose of holding the properties thereof. The object of the interview was to ascertain the mind of the Presidency upon the multiplying of these corporations as new Stakes and Wards might be organized. Brother Richards represented how burdensome they appeared to many of the brethren, not only from the expense attending their creation, but from the keeping of them up in order to maintain their legal status; and he suggested a much cheaper and easier form of organization, namely, a trusteeship for the holding of the properties. After fully considering both sides of the question, and conceding the merit of Brother Richards' suggestion, the Presidency deemed it best, as a matter of precaution and in view of the hostile sentiment that was again rising and which might culminate in the passage of an anti-Mormon amendment to the Constitution, to keep up the corporations already organized and form new ones as they might be required. Brother L. John Nuttall, whose business it is to see that these corporations are kept up, was called in and informed of this decision and given appropriate instructions.
[First Presidency and Quorum of the Twelve minutes]