Word: exempt
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Dates: during 1980-1989
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...called "Boston Bailout" bill, passed by the State Senate on Monday, would help protect tax-exempt property holders, such as Harvard, from any payment increase and at the same time would allow the financially troubled city to raise capital to meet public obligations, Bok said...
...retired factory worker and his wife in Delray Beach, Fla. They have partially tax-exempt income of $18,000 from a pension and Social Security. In addition, they earn $2,500 in interest on their savings. The couple has no mortgage and no interest payments on autos or credit cards. They file a short tax form...
...billion offer to buy up part of its outstanding stock for $72 a share, compared with the raider's bid of $54. Ordinarily Pickens would have responded by simply cashing in his 12% share of the company and walking away with a fat profit. Unocal made him exempt from the offer, however, which was a daring strategy since companies generally presume that the law requires them to treat all stockholders equally. Yet in a surprising reversal of a lower-court decision, Delaware's Supreme Court upheld Unocal's plan to cut the hostile raider out of the deal...
...sale of the aircraft company was forced on the Hughes Medical Institute by Internal Revenue Service rules governing the tax-exempt status of organizations. In 1953 Howard Hughes created the Medical Institute and gave it Hughes Aircraft as its only asset. This made the company accountable only to the institute's trustees, of which Hughes was the only one. That made Hughes Aircraft far freer than publicly owned companies to limit dividends and invest its profits as it saw fit in research and development...
...students--all male--compared to the some 6400 men and women who today call Cambridge's Ivy towers home. "Scholars," more commonly known today as students, were called by their surnames as a general rule--of course, sons of noblemen and knights' eldest sons were exempt from the restriction...