Madelyn Lee Payne Dunham (BHO’s maternal grandmother):
The official story
Born on October 26, 1922, in Peru, Kansas, Madelyn moved to Augusta, KS, at age 3. Her parents, Rolla Charles Payne (1892-1968) and Leona McCurry (1897-1930), were strict Methodists who frowned upon her weekend forays to El Dorado, “the wrong side of the tracks,” where she met her future husband.
According to biographical accounts, Madelyn’s parents lived on a farm but enjoyed a ‘modest income’ from leasing their land to John D. Rockefeller’s Standard Oil Company. The Paynes were not farmers.
Madelyn eloped with SAD on May (4th or 5th), 1940, a secret she kept from her parents until after her high school graduation. Madelyn worked as a waitress and then landed a job with Boeing in Wichita as a riveter on a B-29 assembly line during WWII.
Her father managed oil leases for Standard Oil in Oklahoma and Kansas.
Madelyn gave birth to Stanley Ann Dunham at Ft. Leavenworth, Kansas, on November 29, 1942 [Note: There exist sufficient, conflicting accounts as to the exact year of Madelyn’s high school graduation. Some say she graduated in 1940, others in 1942].
After the war, the Dunham’s moved to Seattle where Madelyn became an aircraft inspector for Boeing and, later, a bank vice-president.
SAD moved his family to Honolulu in 1960 (apparently) for a better opportunity in the furniture sales industry; in 1970 Madelyn became a vice-president at the Bank of Hawaii. After enduring their daughter’s marriage to Obama, Sr., until they became separated and finally divorced circa 1965 or 1966, the Dunhams supported Stanley Ann and BHO for a few years until 1967 when she married Lolo Soetoro, another University of Hawaii graduate student and moved with him to Jakarta, Indonesia, where he was employed by an oil company.
When BHO decided to return to attend school in the U.S. at age 10, the Dunhams supported him in their Honolulu high-rise apartment and helped him with tuition at the Punahou School and possibly his Occidental College tuition.Madelyn lives at the same Honolulu high-rise apartment today.
http://proliberty.com/observer/20080921.htm
Time Line:
October 1968 Her father passes
She become head of the Trust Department in 1970
In 1971 "Family meeting" was held. Just in time to finish probating Rolla's will.
After that She become Jr's legal guardian
Somewhere in this time the move to the twelfth floor apartment (penthouse)
They may have sold the “family farm” but kept the mineral rights in their name. No doubt in my mind "big sis' Madelyn was in charge/executor.