City of Lexington v. Security Trust Co.

Opinion of the Court by

Judge Thomas

Affirming.

On September 4, 1939, the appellant, City of Lexington, (hereinafter referred to as plaintiff) filed this equity action in the Fayette circuit court against appellee, Security Trust Company (hereinafter referred to as defendant), by which plaintiff sought to recover judgment against the defendant for the total sum of $6,828.55, with interest and penalties, which plaintiff claimed was due it for taxes on unassessed property for six named years immediately prior to the filing of the action, and which defendant had omitted to reveal in the report…