Board of Sup'rs v. Gulf Coast Military Academy

Citations

• 126 Miss. 729
• 89 So. 617

Syllabus

<p>Taxation. Statute\\ exempts property of incorporated college from taxation, although operated for private profit, and does not conflict with constitutional provisions relating to uniform and equal taxation, taxation of private corporations, and that the right to tax them shall not he surrendered.</p> <p>Under paragraph D, section 4251, Code of 1906 (section 6878, Hemingway’s Code),' the property of any incorporated college or institution for the education of youth used directly and exclusively for such purpose is exempt from taxation; and this is true, regardless of whether or not the institution is operated for private profit. Such exemption is not in conflict with sections 112, 181, and 182 of the Constitution of 1890.</p>