Gautier v. Biscayne Shores Imp. Corp.

MATHEWS, Justice.

This is an appeal from a final decree wherein the Chancellor found and decreed that certain property was exempt from taxation.

The parties filed a stipulation agreeing to certain facts. The appellee, a corporation for profit, was the fee owner of the property by reason of a foreclosure proceeding. After having acquired the title to the property, it was rented by the ap-pellee to the Miami Military Academy for a period of ten years under a written lease. The Miami Military Academy is a corporation not for profit and before the foreclosure, as well as after the written lease, it…