First Trust Co. v. Lancaster County

The First Trust Company of Lincoln demanded that the amount and value of the real estate mortgages which it held should he deducted from the gross value of its capital stock for purposes of taxation. The assessor refused, and the county hoard also refused to malee the deduction. Upon appeal to the district court for Lancaster county, the action of the county board was reversed, and it was ordered that the petition of the company be granted. From this judgment of the district court the county has appealed.

The petition alleges the value of the capital stock of the company, and the amount and…