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in this section to the contrary, the exemption shall apply to property or any
<br />portion thereof which is leased, rented, or otherwise let to another, if such
<br />leasing, renting, or letting is to a nonprofit association, organization, or
<br />corporation.
<br />(c) This subsection shall apply to property owned in fee simple or leased or rented for
<br />a period of one year or more, the lease or rental agreement being in force and
<br />recorded in the bureau of conveyances at the time the exemption is claimed, by
<br />either:
<br />(1) A corporation, society, association, or trust having a charter or other
<br />enabling act or governing instrument which contains a provision or has
<br />been construed by a court of competent jurisdiction as providing that in
<br />the event of dissolution or termination of the corporation, society,
<br />association, or trust, or other cessation of use of the property for the
<br />exempt purpose, the real property shall be applied for another charitable
<br />purpose or shall be dedicated to the public, or
<br />(2) A corporation chartered by the United States under title 36, United States
<br />Code, as a patriotic society[. Exemption is allowed by this ..,h, eetion t;a
<br />building, social serviee, of educatimial nature, including museums,
<br />a 1.
<br />,,.,.. 11.,1„« the I ,., of the l 1"ited C't.. -q a ..th Rri ?'e,l
<br />by • ,.,,,.t:,... 7117 ,.f
<br />the 1lotising A et of 1959 as ended by the Housing A et of 196 t the
<br />-Senim, Citizens 140using Act of 1962, the Housing Aet ef 1964, and the
<br />rT......:.... and Urban Development Act of 1965.
<br />(3) Claimants shall submit to the director of finance dRc ,mentation from thy.
<br />7
<br />Internal oe. o e co_.: rats,.., their exemption status,.] or
<br />A corporation, society or association qualifying, for exemption from
<br />federal income tax under section 501(c)(3) where the property used for
<br />charitable purposes which are of a community character building, social
<br />service, or educational nature, or
<br />Senior citizen housing facilities qualifying for a loan under the laws of the
<br />United States as authorized by section 202 of the Housing Act of 1959 as
<br />amended by the Housing Act of 1961, the Senior Citizens Housing, Act of
<br />1962, the Housing Act of 1964, and the Housing and Urban Development
<br />Act of 1965 as amended by the Housing and Urban Development Act of
<br />1970.
<br />(d) If any portion of the property which might otherwise be exempted under
<br />this section is used for commercial or other purposes not within the
<br />conditions necessary for exemption (including any use the primary
<br />purpose of which is to produce income even though such income is to be
<br />used for or in furtherance of the exempt purposes) that portion of the
<br />
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