This is an appeal from decisions of the Kent county circuit court in separate actions, here consolidated, and involves the interpretation of section 1 of PA 1953, No 189, as amended by PA 1962, No 226 (MCLA § 211.181 [Stat Ann 1968 Cum Supp § 7.7(5)]). In pertinent part, the statute here involved reads:
"When any real property which for any reason is exempt from taxation is leased, loaned or otherwise...
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