UNLV Special Collections provides copies of materials to facilitate private study, scholarship, or research. Material not in the public domain may be used according to fair use of copyrighted materials as defined by copyright law. Please cite us.
Please note that UNLV may not own the copyright to these materials and cannot provide permission to publish or distribute materials when UNLV is not the copyright holder. The user is solely responsible for determining the copyright status of materials and obtaining permission to use material from the copyright holder and for determining whether any permissions relating to any other rights are necessary for the intended use, and for obtaining all required permissions beyond that allowed by fair use.
This material is made available to facilitate private study, scholarship, or research. It may be protected by copyright, trademark, privacy, publicity rights, or other interests not owned by UNLV. Users are responsible for determining whether permissions are necessary from rights owners for any intended use and for obtaining all required permissions. Acknowledgement of the UNLV University Libraries is requested. For more information, please see the UNLV Special Collections policies on reproduction and use (https://www.library.unlv.edu/speccol/research_and_services/reproductions) or contact us at special.collections@unlv.edu.
Digital Provenance
Digitized materials: physical originals can be viewed in Special Collections and Archives reading room
Publisher
University of Nevada, Las Vegas. Libraries
Transcription
V vV GUILFORD WATER C § . vs. GUILFORD l4l~ Atlantic~880~ Water Company and a property owners association entered into a contract whereby the former was to furnish water to the latter, necessary construction to be-paid for by bonds of the AssociatiQn. The water mains were said to be the property of the Association and were leased to the Company, and-wM-etf^toecome company property when paid for. Payment was to be from such, revenues as exceeded 18 percent of the Company’s investment (obligatory) and from any other moneys which the Company desired to spend for this purpose (optional). • Mains were constructed pursuant to.the contract and the defendant town included the same on ? its tax listj Such action being challenged by the plaintiff. .0 The court in holding that the owrierJ of the pipe lines was In the Association andN^-n the Company, the transaction being a sale and not a mortgage, stated that the pipe lines were personal property on the authority of 8l Atlantic, 1027; 63 Atlantic, 723. ? - Held: The Company was not liable for the tax. | if? ,"v 1 -2- /
