Louisville and Nashville Railroad Company v. Public Service Commission of Tennessee and the State Board of Equalization of Tennessee

McALLISTER, Senior Circuit Judge.

This action was brought by the Louisville and Nashville Railroad Company against the Public Service Commission of Tennessee, and the Tennessee State *248Board of Equalization, and others, to enjoin the certification and enforcement of tax assessments against the Railroad Company.

After an extended hearing, Judge William E. Miller held that the record of the case established a systematic and long-standing policy of the Public Service Commission to assess the Railroad’s property within the state at a much higher percentage of actual cash value than the custom of…