Here in the GL of PA the warrant must be displayed for the lodge to meet, our warrant is that of the older of the two lodges that merged in 2014 with an addendum attached to the glass of the frame authorizing it to be used in the "new" lodge with a different name but same number that is on the original document. The warrant of the other lodge had to be surrendered to the GL when the merger took place. When we install a new WM the framed warrant is physically transferred from the outgoing WM to the incoming WM, then put back in it's place in front of the WMs station in the East. When our DDGM or the GM visits, the Warrant is symbolically transferred from the possession of the lodge to possession of the GL, then returned after the DDGM or GM is done with their portion of the visitation.
For tax, liability and other reasons, our Lodge Hall is owned and controlled by the Hall Association, and the Lodge pays rent to the Hall Association. The membership of the Hall Association is the same as the membership of the Lodge, but the Association only meets once per year to elect directors and the actual decisions are made by the directors. So the actions of the Hall Association are somewhat independent of the Lodge.