McCord v. Nashville, Chattanooga & St. L. Ry.

This appeal presents for determination the validity of the assessment of properties in Tennessee, of the Nashville, Chattanooga & St. Lonis Railway for ad valorem taxation for the biennium 1945-1946. The assessment was made under authority of sections 1508 through 1540 of the 1932 Code of Tennessee, as it was amended by certain Acts of the Legislature of 1945. Plaintiffs in Error will be referred to herein as “The Board,” and the Nashville, Chattanooga & St. Louis Railway will be referred to as “The Railway” or “Taxpayer,” and the Railroad & Public Utilities Commission as the “Commission.”

In…