Bancroft Investment Corp. v. City of Jacksonville

ON REHEARING GRANTED

TERRELL, J.:

Appellant brought suit against appellees to enjoin the collection of ad valorem taxes' on Lot 4, Block 37, Hart’s Map of Jacksonville. The trial court dismissed the bill of complaint, and, on appeal, this court reversed that judgment in a divided opinion filed January 15, 1946, wherein a full statement of the salient facts is detailed. A rehearing was granted to review that decision.

The opinion of January 15 was grounded on two postulates: (1) The property in question was immune from state taxation under federal law; (2) the property in question was exempt from…