Holman Transfer Co. v. City of Portland

This is a suit for a declaratory decree brought to determine whether certain real property owned by the *554defendant, City of Portland, and leased by tbe city to the plaintiffs, Holman Transfer Company, a corporation, and Budie Wilhelm Warehouse Company, Inc., a corporation, is exempt from taxation for the fiscal year 1948-49 under the provisions of an act of the legislature passed in 1947 hereinafter set out. Defendants are the City of Portland, Multnomah County and others. The court entered a decree declaring that the property was not exempt from taxation for the year in question and that the…