VITEX MANUFACTURING CO. v. GOVERNMENT OF VIRGIN ISLANDS

No. 15188.

351 F.2d 313 (1965)

VITEX MANUFACTURING COMPANY, Ltd. v. The GOVERNMENT OF the VIRGIN ISLANDS, Appellant.

United States Court of Appeals Third Circuit.

Decided October 13, 1965.


Attorney(s) appearing for the Case

Francisco Corneiro, Atty. Gen., St. Thomas, V. I., for appellant.

Leonard Feldman, New York City (Russell B. Johnson, St. Thomas, Virgin Islands, Eiber, Okin, Rafsky & Feldman, New York City, on the brief), for appellee.

Before BIGGS, Chief Judge, and STALEY and GANEY, Circuit Judges.


STALEY, Circuit Judge.

To encourage the establishment of new business and the investment of capital, the Virgin Islands enacted an Industrial Incentive Program. Act No. 224, Virgin Islands Sess. Laws (1957). Tax and fee exemptions, as well as industrial subsidies were to be granted to certain businesses and industries to achieve this end.

"(e) In order that the encouragement tendered by this Act * * * [would have] a real and unmistakably sure basis, the Government...

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