Word: exempted
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...That admission fees may be charged whenever they do not endanger the tax-exempt status of the University...
Unless the present draft law is changes by next summer, 10 to 15 percent of the College may be called into the armed services before September. Under the present law, students are automatically exempt until this June, but a recent survey taken of colleges and universities throughout the country by the Wall Street Journal showed an expected drop in enrollment from...
...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...
...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...