Little v. United Presbyterian TheoLogical Seminary

Citations

• 72 Ohio St. (N.S.) 417

Syllabus

<p>Endowment fund of college — Exempt from taxation, when — Sixth subdivision of section 2782, Revised Statutes — Valid law — • Under section 2 of article 12, constitution.</p> <p>1. The sixth subdivision, of section 2732, Revised Statutes, is ' within the authority which is conferred upon the general assembly by section 2 of article 12 of the constitution.</p> <p>2 It exempts from taxation an endowment fund of a college which belongs exclusively to it, and which is devoted solely to deriving an income for its support.</p>