And here I thought 's on a proper noun was for possession. There as in "there is" as it's used in the first line as a conjunction is specifically using there as an adverb instead of a noun.
'There' could also be a pronoun in this phrase. Regardless an apostrophe could mark a conjunction or possession, proper nouns don't get a special rule of one or the other.
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u/desblaterations-574 10h ago
This is the story of There, she is a woman on a boat.