Bailey v. Megan

SANBORN, Circuit Judge.

This is a suit brought by the appellee, trustee in reorganization proceedings of the property of the Chicago and North Western Railway Company, against the appellants, members of the State Board of Equalization of South Dakota and the Treasurers of thirty-four South Dakota Counties in which portions of the lines of the Railway Company are located, to enjoin the collection of 50% of the 1935 taxes upon its railroad properties in each of those counties. The assessed value of all of the operating pEoperty of the Railway Company in South Dakota for the year in suit was…