Word: charterers
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Dates: during 1970-1979
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Balk points out that Manhattan's 77-story Chrysler Building pays no property tax because its collegiate owner, Cooper Union, has an 1859 charter from the state legislature granting permanent exemption. The Chrysler Building will soon lose its distinction as the world's tallest tax exemption to the 110-story World Trade Center, now rising, says Balk, "like a tombstone over the tip of downtown Manhattan." The twin towers are being built by the quasi-public Port of New York Authority, which is tax-exempt but will make a token payment for city services...
...Greenville and Boaz, Ala., pay no taxes because the municipalities own them. The University of Michigan earns a tidy income from Willow Run Airport, on which it pays no property taxes; Michigan State University's exempt holdings include a large department store in Lansing. Thanks to a charter exemption similar to that of Cooper Union, Northwestern University for years has enjoyed a steady stipend from a supermarket, a medical office center and several downtown Chicago office buildings that it bought and then leased back to corporations...
Shrewd Sense. After women gained the vote in 1920 Miss Luscomb became a charter member of the League of Women Voters. She cast her first presidential ballot in 1920 for Socialist Candidate Eugene Debs. Soon she was involved in the labor movement, inspecting the shops operated by the garment trade. Miss Luscomb's shrewd sense of revolutionary tactics-which are still being copied by her spiritual descendants- helped rectify dismal working conditions. "I got four women who were distinguished Bostonians to go to the factories with me. When the newspapers printed their report, believe me, the state officials came...
...environmentalists designed the suit to force TVA-whose charter includes conservation-to use its influence as a major coal buyer to control the surface miners' practices. The suit names the Kentucky Oak Mining Co. as TVA's principal supplier in eastern Kentucky. Although state reclamation officials have praised Kentucky Oak's efforts to plant apple and peach trees on stripped land and its experiments with terracing, successful reclamation is extremely difficult on the steep slopes. Indeed, residents have few kind words for the company. "They've destroyed the mountains," says Paul Ashley, a leading local opponent...
...where they sell for at least $1.30 a pint. Swiss customers get their deliveries the day they arrive from a trucking service that meets the flights at the airport in Geneva. Robert Flatoe, an American living in Frankfurt, who has become the leading European importer of strawberries, plans to charter about 20 Boeing 707s this spring to carry 1,600,000 Ibs. from California to the Continent. There is a growing demand among dessert-loving West Germans for U.S. strawberries: Hamburg's Hotel Vier Jahreszeiten prefers serving them because, says Chef Oskar Behrmann, "they have the best aroma." Between...