Chapter CXXXI. *exempting from Taxes certain Property in the District of Columbia and to amend the “Act to provide for the Creation of Corporations in the District of Columbia by general Law.”* June 17, 1870. *Be it enacted, by the Senate and House of Representatives of the United States of America in Congress ass
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CHAP. CXXXI.— An Act *exempting from Taxes certain Property in the District of Columbia and to amend the “Act to provide for the Creation of Corporations in the District of Columbia by general Law.”* June 17, 1870. *Be it enacted, by the Senate and House of Representatives of the United States of America in Congress assembled*, Churches and school-houses in the District of Columbia exempt from taxation. That from and after the passage of this act all churches and school-houses, and all buildings, grounds, and property appurtenant thereto, and used in connection therewith in the District of Columbia, shall be exempt from any and all taxes or assessments, national, municipal, or county.
Sec. 2. *And be it further enacted*, That savings banks may be organizedSavings banks may be organized in the District of Columbia under act of 1870, ch. 80, § 4.*Ante*, p. 102.Life insurance. within the District of Columbia under the provisions of section four of an act “to provide, for the creation of corporations in the District of Columbia by general law,” and the limitation of twenty years provided for in said section for the existence of corporations created under and by virtue of the provisions of said section shall not apply to corporations formed only for the purpose of life insurance.
Approved, June 17, 1870.