Peo. Ex Rel. N.Y., O. W.R. Co. v. . Tax Comrs.

For the year 1909 there were included in the assessment of relator's special franchise in the city of Oswego the cost paid by it of constructing a subway under its railroad in one of the streets of Oswego, and the value of two overhead bridges whereby other streets in said city were carried over its line of railroad. These items were thus included on the theory that said subway and said bridges were "tangible property" of the relator "situated in, upon, under or above any street, highway, public place or public waters in connection with the special franchise," and, therefore, were assessable…