247.540. Certain property subject to taxes.
Certain property subject to taxes.
247.540. All real property included within, or excludedfrom, a district shall thereafter be subject to the levy of taxesfor the payment of any indebtedness of the district outstandingat the time of inclusion or exclusion; provided, however, thatafter any real property shall have been excluded from a district,as provided in section 247.530, any buildings and improvementsthereafter erected or constructed on said excluded real property,and all machinery and equipment thereafter installed or placedtherein or thereon, and all tangible personal property not insaid district at the time of the exclusion of said real propertyfrom said district which shall thereafter be situate on or usedin connection with said real property, shall not be subject toany taxes levied by said district.
(L. 1949 p. 350 § 31)