People ex rel. Maeras v. Chicago, Burlington & Quincy Railroad

This is an appeal from 46 judgments entered on April 20, 1966, in favor of 12 railroads for refunds of property taxes paid under protest in Madison County for the tax years 1957 to 1962. The judgments were entered pursuant to the mandate of this court in People ex rel. Musso v. Chicago, Burlington & Quincy Railroad Co. (Nos. 38859— 38904 cons.) reported in 33 Ill.2d 88, wherein orders entered on August 20, 1964, were reversed and the causes remanded with directions.

The orders of August 20, 1964, applied the straight formulaic average of capitalized earnings, market value of stock and debt,…