Maryland Reports; Cases Adjudged in the Court of Appeals of Maryland Volume 50

Maryland Reports; Cases Adjudged in the Court of Appeals of Maryland Volume 50

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1880 edition. Excerpt: ...below. The stocks held by the institution were donations, dedicated to the use, exclusively, of these indigent students, and the income thereof is so applied in accordance with the donors' intentions. All of the resources of the institution are applied to the education of these students, and none of the property earns any income whatever, so that there is no income that can possibly be capitalized. St. Mary's Seminary is an educational institution, clearly eleemosynary in its character, and surely is exempt under our law from assessment and taxation. It was founded by charitable donations, for the express purpose of furnishing gratuitously to students for the priesthood an education fitting them for their high office and vocation. The eleemosynary sort of institutions are such as are constituted for the perpetual distribution of the free alms or bounty of the founder of them to such persons as he has directed. Of this kind are all hospitals for the maintenance of the poor, sick and impotent, and all colleges, whether in our universities or out of them, which colleges are founded for two purposes, 1st, for the promotion of learning, &c., 2nd, for imparting assistance to the members of the body in order to enable them to prosecute their devotions and studies with greater ease and assiduity. 1 Black. C0m., Book 1, ch. 18, p. 471. Colleges and academies, established for the promotion of piety and learning, and endowed with property by public and private donations, are in a legal sense equally with hospitals for the relief of the sick, poor, &c., considered as private eleemosynary corporations. Regents of Um'vers-ity vs. Williams, 9 G. cfi J., 365, 401; Vidal vs. Girardls Ex"rs, 2 How, 191. Appeal Tax Court of Balt....show more

Product details

  • Paperback | 218 pages
  • 189 x 246 x 12mm | 399g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236816269
  • 9781236816269