Illinois Central Railroad v. Carr

In the year 1919 the board of assessors of Cook county assessed to the appellant, the Illinois Central Railroad Company, shares of stock, bonds, moneys and credits at full values amounting to $10,308,000 and fixed the value for assessment at one-half that amount, or $5,154,000. The board of review, upon complaint by the appellant, refused to annul the assessment, and a tax at the rate of 5.14 per cent, amounting to $264,915.60, was extended against the property, and a warrant was issued to the appellee, Patrick J. Carr, county collector, for its collection: The appellant filed in the superior…