Hahn v. Walworth County

Sec. 70.11 (4), Stats., 1 exempts from real-estate taxes property “owned and used exclusively by . . . educational or benevolent associations.” It is the position of the plaintiff that he purchased the Stone Manor premises as agent for an educational and benevolent association under circumstances whereby a fiduciary relationship exists between him and such association so that he holds the legal title as trustee for such association, the beneficial owner. Such association at the time the plaintiff purchased the property in 1945 was the Annie Merner Pfeiffer Foundation, Inc., the name of which…