Stanolind Pipe Line Co. v. Jefferson County, Excise Board

Stanolind Pipe Line Company, a corporation, et al. protested certain levies made by certain school districts in Jefferson county, and approved by the county excise board, and appeal from the order of the Court of Tax Review denying the protest. The levies protested were for the fiscal year 1940-1941.

Following the mandate in Hullum v. R. J. Edwards, Inc., 187 Okla. 408, 103 P. 2d 527, the county treasurer devalued the sinking fund account and thereby reduced the credits of these school districts in the sinking fund. He did this as of June 30, 1940, taking the condition in each of these…