1. The congregations donate their labor to build the hall.
2. They borrow the money from the Society which they actually contributed.
3. The Society charges them interest on the money. (I think that they changed this recently, however, they make so many changes it's difficult to remeber them all.)
4. When the loan is paid off, The Society owns the building.
5. They have the nerve to criticize the crooked TV Evangelists?
The Watchtower Society maintains control of the property. Whether or not it's deeded locally or to a local non-profit group, if anything happens The Watchtower Society can take the property and do what it wants with it.
It's a nice little real estate scam. And perfectly legal.
So long as a congregation remains solvent it has use of the Kingdom Hall. But should a congregation dissolve then the WTS has instructed that congregations take measures today to ensure that the Kingdom Hall property assets go to The Watchtower Society.
Under the subheading ARTICLES OF INCORPORATION, in a directive dated March 1, 2000 the WTS writes:
Please note that the following two paragraphs are to be included in your charter or articles of incorporation (this may require an amendment to your existing charter or articles of incorporation):
Upon the winding up and dissolution of this Corporation, after paying or adequately providing for debts and obligations of the Corporation, the remaining assets shall be distributed to the Watchtower Bible and Tract Society of New York, Inc?.
Each year since the March 1, 2000 directive was issued COs have been instructed to inquire that the indicated provision has been amended into the congregations charter or articles of incorporation, whichever is applicable.
So everytime you contribute money to the Watchtower Society, money that you worked long and hard to earn, just remember that The Watchtower Society is mega rich with real estate.