[§46-74.1  Exemption from improvement
assessments.]  Subject to sections 67-8 and 46-74.2, any land exempted by
law from payment of property taxes which land is owned by a society,
association, or corporation engaged in religious, charitable, educational,
scientific, literary, or other benevolent purposes, whose charter or other
enabling act contains a provision that, in the event of dissolution, the land
owned by such society, association, or corporation shall be distributed to
another society, association, or corporation engaged in religious, charitable,
educational, scientific, literary, or other benevolent purposes shall be exempt
from assessments to pay for the cost of any improvements included in any
improvement district. [L 1968, c 65, §2]



 



Note



 



  Section 67-8 referred to in text is repealed.



 



Revision Note



 



  Section "46-74.2" substituted for
"70-111".