Steiden Stores, Inc. v. City of Louisville

Opinion op the Court by

Judge Siler

Affirming in part, reversing in part.

The City of Louisville, appellee, sought to collect city taxes which had been assessed for the years of 1943, 1944 and 1945 against a building on land leased for a term of 20 years to Steiden Stores, appellant corporation, by Children’s Free Hospital, appellee institution.

The chancellor’s judgment, rendered on the pleadings of the case, interpreted this lease as an instrument which invests, for practical tax purposes, the full ownership of the subject building in the appellant, a tax paying mercantile organization, rather…