Horton v. Fountain Valley School

The Fountain Valley School of Colorado is a corporation which was organized in 1929 under the Colorado laws governing such organizations for religious, educational and benevolent purposes. Its articles of incorporation disclose its purposes to be other than for pecuniary profit, the object being the maintenance of a school for boys and their preparation for college. To further the purposes, it may acquire suitable lands and erect thereon and equip, furnish and maintain all necessary and proper buildings for conducting the school. In 1930, it purchased a ranch containing about 1,600 acres,…