ALLEN, Chief Justice.
This appeal presents the issue of whether land and improvements located in the Town of Sherburne (the Town) owned by the State of Vermont and leased to the Sherburne Corporation (the Corporation) may be taxed by the Town.
On November 10, 1960, the Corporation entered into an agreement with the State for the lease of approximately 2115 acres of state forest land located within the Town. The purpose of the lease was to permit the development...
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