Opinion
The opinion
Order reversed, without costs. The hoard possesses the power to own property (Education Law, § 1958, subd. 6) which qualifies for an exemption under the Real Property Tax Law (§ 420). The mode of acquisition is deemed irrelevant for tax purposes.
Concur: Chief Judge Desmond and Judges Dye, Fuld, Van Voorhis, Burke, Scileppi and Bergan.
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