St. Louis-San Francisco Railway Co. v. McCurtain County, Oklahoma, Excise Board

BERRY, Justice.

During the fiscal year ending June 30, 1959, Idabel Independent School District No. 5, hereafter referred to as “School District”, purchased equipment and sup-lies for its Physics Department at a cost of $10,333.79, which purchase was made in order to replace equipment and supplies used in said Department. School District treated the amount of this purchase as “current expense”. Plaintiff in error, St. Louis-San Francisco Railway Company, hereafter referred to as “protestant”, contends that said purchases should have been treated as “capital outlay”. Prior to said purchase,…