STOCKARD, Commissioner:
Council Apartments, Inc. was incorporated as a not-for-profit corporation in 1964. It raised funds through charitable donations to purchase an unimproved lot on Delcrest Drive in University City, Missouri, and in 1965 it began the construction thereon of a ten story apartment building, the "Delcrest Apartments," a home for elderly people of limited resources which was financed under the "Senior Citizen Housing Act of 1962."
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