(DOWNLOAD) "Southeastern Baptist Theological Seminary Inc. v. Wake County and Town of Wake Forest" by Supreme Court of North Carolina No. 455 ~ Book PDF Kindle ePub Free
eBook details
- Title: Southeastern Baptist Theological Seminary Inc. v. Wake County and Town of Wake Forest
- Author : Supreme Court of North Carolina No. 455
- Release Date : January 29, 1960
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 71 KB
Description
[251 NC Page 781] The Constitution of North Carolina, Article V, Section 5, declares in respect to property exempt from taxation, that ""The General Assembly may exempt * * * property held for educational, scientific, literary, dharitable or religious purposes * * *."" And pursuant to the authority so given by the Constitution the General Assembly has enacted a statute, G.S. 105-296, declaring in pertinent part that ""the following real property, and no other, shall be exempted from taxation * * *: (4) Buildings, with the land actually occupied, [251 NC Page 782] wholly devoted to educational purposes, belonging to, actually and exclusively occupied and used for public libraries, colleges, academies, industrial schools, seminaries, or any other institutions of learning, together with such additional adjacent land owned by such libraries and educational institutions as may be reasonably necessary for the convenient use of such buildings, and also buildings thereon used as residences by the officers or instructors of such educational institutions.""