1907 private laws – Ch.168 Sec.8
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CHAPTER 168 a . AN ACT TO CHARTER NAZARETH ORPHANS HOME, IN 4 THE COUNTY OF ROWAN.
That the real estate owned by the said corporation, or that may hereafter be acquired by it, not exceeding three hundred thousand dollars in value, including the land upon which the home is erected and that adjacent thereto, shall be exempt from taxation; and that the personal property thereof, including money, not exceeding three hundred thousand dollars in value, shall be exempt from taxation so long as the same is used for the purposes herein expressed.