Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1893-08-03
at1rnsy e57srel I1a5sta7 Ee-
Eses g. 1ai Eaw.

Ess ss -si Law.
Era Fr4rs =fe0 Aff0T
ev III arr... M given use foi
T. sag ia-rrss.feE 5Vsa con
= F...uE the cF aFser 81 the new
Code reIatis 81 exeups.ons ID
80 far as it rei ltes t5 school
property
Il have examined section -
~. subdivision fdl ~ the Code
Ut 1892. in respect &c tre evenp
ri8n of schools AM coll eyes tlth
CT than the pEle c1um1L
schools and eJTal i0nai Iaa.itu
tians fECr1 taxaslgE
ass of the statute
-cais 3D. f-linxs.
SEcEE1N 5a The iIJ-iug
rrapcrfy aal IN C5a shsil ue
exempt from tazafigl 10 Wit.
All property Tssi or personal.
tell ngprt0 any Te g9as or
81 aFiiabie society," or iEc0FpO-a
.tcd Institution foE the education
.nf youth. used exclusively for
.the purpose Of such society Cr
Institution aud not for profit
Tae ceFrCcs Interpretation &C
she ssG.Gte depends upca the
force saL m=aui-g 60 re eiveu
to the tsTm, aad not tor pF0hl
/. 10 not tank the language CT
iise statute Is clear, and "a 4
question Of Interpretation, the
solution iIes il ascertaining the
policy and ia,ens Of the Law.
Ia the aFst PLACE. the terms
co the statute restrict the ex
caption to Incorporated insii
tas,cns for TIE education of
youth
Tie pTsp0ss, I presume, vas
10 encourage tire establishment
# large educational establish
mguts for the higher branches
~ education. and institutions Of
a character generally promoted
sa'I maintained by the co opera
sion 81 ma3y promoters and
such a. are usual incorporated
This excludes from exemption
educational establishments aud
institutions owned By indIviIa
ais and not Incorporated
But | 30 not mean to say.
that ordinary schools, not teach
ing the higher branches Of edu
cation legally Incorporated
wOa9d be denied the exemption
because Of the grade Of the
school. if otherwise entitled to
the immuLttys
50 the meaning of the term
and not for prodt' determine
the flFce AID exleat Of the tx
emptIon-
This uGst be Intended 70
mean that the promoters or
stockholders are not to derive
peFJanaly a profit frgm the IN
stitItIGa-
ThEs, there are educational
Institutions IN the State ,i1'y IN.
cOrPGrated where tuislon fees
as greatly reduced rates are
I charged for one class Of sfa
/ ieEts and where others are eaiH-
Gated free Of charge, and by wsy
Of charity. These are eFenOsy
aary corporations, and Will
they are rot absolute and pure
i charitable in the sense of lis
pensIH- education free to al.
get they are in the br0adest
seuse IN the nature Of pubIie IN
st5tlti0as established for tise
promotion OF learning and pIefy
y Esy Ok charity, and not foE
TIC psf q the IEecFporators
and MIXERS
The earnings Of such Ilslitg
tons @ tG the benefit OF the ID
st.tGeI0n itself, are dedicated &c
TIE purposes - edHeltIoH- eth
eE feE the Eai .tcualce Of the
IEs linton or is extension aad
Improvements. or may he aided
10 It's ea@0~ meas fund.
his is BOT the kind efProf'
sClGsmaesf BE- tae sta:ute. Sad
susa Institutions are exempt
tom taxstI5n. the statute r.
gI=disg aos the measure ef ikeir
ssrairg tat the Ese - which
sECk earnings sre Z die ted
An jasoTE Grated educational il.
sti-EfJaa 3 EeIared 5vstaek h7Ii
srs f1r tasir iadivlG1al peeuaLs,
~ prof and vaets. ap0n sks
net earnings GivIIaads are d.
eLreL aad paid to the stock
h0ld-rs, are Tot Within the zen
temptation OF the Law Sach 81
Institution would stand aRu-
the same fo0tIHg "a aBy Othei
bus aess enterprise and Wuall
HOE Dc EXEMPT from tzzatl0a
4 rrfusGr walled tusaa rsF