PRESLEY AND WIFE LEAVE COURT AFTER DIVORCE -
Singer Elvis Presley and his wife Priscilla, 26, leave Superior Court in Santa Monica, Calif., Tuesday after he was granted a divorce on grounds of irreconcilable differences. The six-year marriage ended with a modified property settlement involving $1.5 million.
Million Dollar Settlement
Elvis And Wife Divorced
SANTA MONICA, Calif. (AP)
- Singer Elvis Presley and his 26-year-old wife Priscilla have ended their marriage with a friendly kiss and a property settlement making her a mil-lionaire.
Presley, 38, was granted his divorce Tuesday in Los Angeles County Superior Court. The couple, married six years, agreed on a modified property settlement involving a $1.5 mil-
In seeking the divorce, the singer cited irreconcilable dif- ferences because of pressure from constant traveling. The hearing was closed to the public.
The Presleys were married in Las Vegas, Nev., in May 1967 after a courtship that began in Germany. She was the daugh-ter of an Army officer and he was the world´s best known tank-driving corporal.
Under the settlement, Presley willl pay $725,000 in cash out-right and another $720,000 at $6.000 a month over a 10-year period.
She also will receive half the proceeds from the intended sale of their Beverly Hills home; five per cent of the outstanding stock in Elvis Presley Music Inc., and White Haven Music Inc.; 4,200 a month for her ad-ditional support for a year; and
$4,200 a month support for their 5-year-old daughter Lisa.
Presley paid $400,000 for the multi-level Beverly Hills home shortly after his marriage.
The original agreement had been $100,000 "and a couple of cars," said Harry Fain, a Pres-ley attorney.
"This man agreed to pay her this without any contest be-cause he wanted to be generous and make her happy," Fain said. "I´ve never met a man so unselfish."
Presley has been a regular headliner at Las Vegas casino shows.