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KRESS, DUNLAP & LANE, LTD. v. DOWNING

No. 13304.

286 F.2d 212 (1960)

KRESS, DUNLAP & LANE, LTD., Petitioner-Appellant, v. Carlos A. DOWNING, as Commissioner of Property and Procurement, Government of the Virgin Islands.

United States Court of Appeals Third Circuit.

Decided December 21, 1960.

Attorney(s) appearing for the Case

Joseph McGowan, Charlotte Amalie, St. Thomas, V. I., for appellant.

Russell B. Johnson, Charlotte Amalie, St. Thomas, V. I., for appellee.

Before GOODRICH, KALODNER and STALEY, Circuit Judges.

KALODNER, Circuit Judge.

The Virgin Islands Code1 fixes the rent chargeable for real property in the Virgin Islands at the rent prevailing on July 1, 1947, if then rented, or, if not then rented, at the first rent charged thereafter or a rental administratively determined.

As we recently stated,2 the "* * * obvious aim [of the Code] is to stabilize rentals...

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