People ex rel. McCrea v. Soldiers' Home & the Baptist Theological Union

Citations

• 95 Ill. 561
• 1880 Ill. LEXIS 210

Syllabus

<p>Taxation—exemption by charter binding on State. Where the property of a corporation is exempted from taxation by its charter, the exemption, amounts to a legislative contract, which is binding on the State, and such property can not afterwards be subjected to taxation.</p>