Word: exempt
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Dates: during 1950-1959
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...China before the Korean war. It was bought in Japan for shipment to New York. Because of the New York destination, a Japanese export license was easily obtained. In transit, the copper was resold to agents of Red China. Since the shipment originated in Japan, the copper was exempt from U.S. export controls when it passed through New York. Said Jerome Kohlberg,* president of the Kane Import Corp. which bought & sold part of the copper: "We acted in accordance with all Government regulations...
...rule regarding paid admissions should be amended to permit admissions fees so long as they do not jeopardize the University's tax exempt status...
...Faculty Committee on Student Activities has been studying the situation and will soon recommend that all buildings, except Fogg, be totally fee exempt up until...
...their purpose is to support the legitimate activities of the organization, concerned," leaves too much dependent on the vague word "legitimate" and makes no reference to fees charged on other than University property. It should be changed to "Admission fees are permissible except insofar as they endanger the tax-exempt status of the University...
...feature of the new seminar is the incorporation scheme, which allows it to receive money donations directly on a tax-exempt charity basis. Before it was a corporation, the Seminar had to route its contributions through the World Student Service Fund in New York...