NJ GENDRON LBR. CO. v. Inhabitants of Town of Hiram

The appellant sought an abatement of a portion of the tax assessed on its personal property as of April 1, 1950. The petition having been denied by the assessors, appeal was seasonably taken to the Superior Court. The action of the assessors was there affirmed. Appellant’s exceptions now bring the matter before us. The factual background is fully covered by an agreed statement of facts and stipulations.

The appellant is a corporation engaged in the manufacture and sale of lumber, both at wholesale and retail, and is located and conducts its principal business activities in Sanford. During the…