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 appellee to the Miami Military Academy for a period of ten years under a...
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