Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Citation
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Parent Document
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Jurisdiction
- Kentucky (state)
- Effective Date
- 1946-10-29
Other Sections in This Document (20)
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
- Broadway & Fourth Avenue Realty Co. v. City of Louisville, 197 S.W.2d 238 (1946)
Full Text
1,342 charsSome of the salient and pertinent provisions of the lease are: That the agreement between the parties was denominated “indenture and lease;” that the improvements to be built on the land were to become the property of the seminary as erected, possession of same to be surrendered upon termination of the lease; that the improvements were to cost $350,000 and were to be completed within 12 years; that the rent was to begin at $37,-500 annually and was to increase each decade until it reached $70,000 annually during the 5th decade; that the rent for the last half of the tenure was to be fixed by arbitrators on a basis of 5 % of the land valuation, not including improvements, as such land might be appraised at the beginning of the last half of the tenure-; that the lessee had the right to remove buildings during the tenure, but only on the condition that the equivalent value of the removed buildings be first deposited with a trustee as a guarantee of their replacement; that in the event of a condemnation of the leased property, the compensation for the land should go to the lessor and the compensation for the buildings should go to the lessee; that the lessor should have a lien on the buildings to secure payment of rent; that the lessee should pay taxes lawfully assessed against the land and improvements covered by the lease.