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" But no such corporation or association shall be entitled to such exemption if any officer, member or employee thereof shall receive or may be lawfully entitled to receive any pecuniary profit from the operations thereof except reasonable compensation... "
Proceedings of the ... Annual Conference - Page 399
by National Tax Association - 1923
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Laws of the State of Indiana, Volume 1

Indiana - 1975 - 1238 pages
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Annual Report

New York (State). Board of Charities - 1914
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The New York Supplement, Volume 149

1915 - 1282 pages
...corporation * * * shall be exempted from and not snliject to the provisions of this article. * * * But no such corporation or association shall be entitled to such exemption if any oflicer, member or employe1 thereof shall receive or may be lawfully entitled to receive any pecuniary...
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The New York Supplement, Volume 146

1914 - 1254 pages
...association shall • entitled to any such exemption if any officer, member or employs thereof lall receive or may be lawfully entitled to receive any pecuniary profit from e operations thereof, except reasonable compensation for services in effecting le or more of such purposes,...
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Miscellaneous Reports. Cases Decided in the Courts of Record of ..., Volume 84

New York (State). Courts - 1914 - 822 pages
...But DO such corporation or association shall be entitled to any such exemption if any officer, member or employee thereof shall receive, or may be lawfully...receive, any pecuniary profit from the operations thereof exSupreme Court, March, 1914. [Vol. 84. eept reasonable compensation for his services in effecting...
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The Greater New York Charter as Enacted in 1897: With Notes Indicating the ...

New York (N.Y.), Mark Ash - 1897 - 1420 pages
...corporation or association shall be entitled to any •iich exemption if any officer, member or employe thereof shall receive or may be lawfully entitled to receive any pecuniary profits from the operations thereof, except reasonable compensation for services in effecting one or...
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Documents of the Senate of the State of New York, Volume 10

New York (State). Legislature. Senate - 1897 - 1274 pages
...be entitled to "awn¿ any such exemption if any officer, member or employee thereof shall y°mi0not receive or may be lawfully entitled to receive any pecuniary profit from exemptthe operations thereof, except reasonable compensation for services in effecting one or more...
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The Law of Taxable Transfers, State of New York: Being Article X of Chapter ...

Harry Noyes Greene - 1901 - 220 pages
...for two or more of such purposes and used exclusively for carrying out one or more of such purposes. But no such corporation or association shall be entitled to such exemption if any officer, member, or employe thereof shall receive or may be lawfully entitled to receive, any pecuniary profit from...
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The Tax Law of the State of New York: Being L. 1896, Chapter 908, Entitled ...

New York (State) - 1901 - 182 pages
...for two or more of such purposes and used exclusively for carrying out one or more of such purposes. But no such corporation or association shall be entitled to such exemption if any officer, member, or employe thereof shall receive or may be lawfully entitled to receive any pecuniary profit from the...
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