Broadway & Fourth Avenue Realty Co. v. City of Louisville

Opinion op the Court by

Judge Siler

Affirming.

This was an action involving the right of the City of Louisville, appellee, to collect taxes on buildings erected by Broadway and Fourth Avenue Realty Company, appellant, upon land leased to the latter by Southern Baptist Theological Seminary under a 99 year lease.

The chancellor adjudged that the buildings on the leasehold belonged to the realty company, a legal taxpayer, rather than to the seminary, a tax exempt educational institution, and that the appellee had a right to collect taxes on such buildings. The realty company has appealed.

The only…