State v. Prairie Cotton Oil Co.

This is a tax ferret proceeding from the county court of Grady county wherein the state is attempting to assess for taxation certain alleged omitted property of the Prairie Cotton Oil Company, an alleged business trust.

The property is described as cash on hand or in bank, accounts, accounts receivable, bills receivable, and all other property not heretofore assessed and on hand on the first day of January of the years 1922 to 1932, both inclusive, and of the value of $100,000 for each of said years.

The court sustained a demurrer to the state’s evidence offered in support of its cause for each…