American Youth Foundation v. Benona Twp

MCLA 211.7; MSA 7.7 provides in pertinent part:

“The following property shall be exempt from taxation :

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“Fourth, Such real estate as shall be owned and occupied by library, benevolent, charitable, educational or scientific institutions and memorial homes of world war veterans incorporated under the laws of this state with the buildings and other property thereon while occupied by them solely for the purposes for which they were incorporated.” (Emphasis supplied.)

MCLA 211.9; MSA 7.9 provides in pertinent part:

“The following personal property shall be exempt from taxation, to wit: * * *

“First…