Ohio archæological and historical quarterly . be derivedfrom the rents or uses ofsaid land. * * * The Actof February 18, 1804, waspassed for leasing, in appro-priate lots or tracts, all thelands in the townships, eightand nine aforesaid, with areserved rent annually, pay-able upon their appraisedvalue, and with a conditionand stipulation that suchtract should be subject to<Samuel Bigger. revaluation at the end of thirty-five, sixty, and ninety years, and with the like rent of cent, upon such new valuations to be paid by the lease-hold-ers. And in the nature of an immunity to the lea
Ohio archæological and historical quarterly . be derivedfrom the rents or uses ofsaid land. * * * The Actof February 18, 1804, waspassed for leasing, in appro-priate lots or tracts, all thelands in the townships, eightand nine aforesaid, with areserved rent annually, pay-able upon their appraisedvalue, and with a conditionand stipulation that suchtract should be subject to<Samuel Bigger. revaluation at the end of thirty-five, sixty, and ninety years, and with the like rent of cent, upon such new valuations to be paid by the lease-hold-ers. And in the nature of an immunity to the lease-holders, inreference to the first and all subsequent appraisements, and witha view to increased rents to inure to the University by rendering-the lands more valuable and desirable to the occupants, it wasprovided that the lands with the buildings which may be erectedthereon shall forever be exempted from all state taxes. This act, in its main and essential features, has remainedin ^orce until the act of March 10, 1843, (which) provides in. 432 Ohio Arch, and Hist. Society Publications. substance that all the lands aforesaid should be forever exemptfrom any and all appraisement. The language of it is to this adverse legislation the lessees brought asuit in chancery in the Supreme Court of this state enjoining theOhio University from re-appraising said lands. The Court unan-imously decided in favor of the defendants. Upon investigation of the subject, your committee .havebecome well satisfied that the memorialists have presented a fair• case, entitling them to redress at the hands of the legislature of this state; that the act ofMarch 10, 1843, gives evi-dence of power withoutright; that it is unjust to theOhio University, unjust tothe donors of the endow-ment, and unjust to thecharacter and the honor ofthe state, in her relation toboth of the other partiesand to herself. The failure of the trus-tees to increase the revenueof the college brought itsfinance
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