State v. Alabama Educational Foundation

FOSTER, Justice.

The question on this appeal relates to the constitutionality of an act- approved September 9, 1927, p. 564, by which “there is exempted from taxation * * * all property, real and personal, by whomsoever owned, and whether assessed or not, during the entire time, including the current tax-year, the net income, rents and returns from which are used, or are to be used, exclusively for educational purposes in the State of Alabama, other than for schools owned or controlled by any religious sect or denomination.”

The assessment is of certain property in Alabama whose income has…