State Tax Collector v. Miss. Valley Co.

A large number of town lots, most of them unimproved, located in the city of Gulfport, were and are owned by appellee as trustee for the Gulf & Ship Island Railroad Company. During the period here in question these lots were not being used in any manner for railroad purposes. Por the years 1933 to 1935, inclusive, each and all of them, properly described were assessed upon the assessment rolls of the county as the property of appellee, but no valuation was noted for any of them; and instead thereof there was in each blank space left for valuation a notation “T C,” meaning that the valuations…