J. B. Kelkenny Realty Co. v. Douglas County

Redick, District Judge.

This is an appeal from a judgment of the district court reversing a decision of the board of equalization of Douglas county fixing the value of stock of a corporation for purposes of taxation. The J. B. Kelkenny Realty Company, a corporation, returned its schedule for 1927 personal tax assessment, listing its paid-up capital stock, surplus and undivided profits at $150,000, divided as follows:

Real estate in Douglas county................$69,245.00

Real estate mortgages in Douglas county 75,100.00

Building and loan association stock...... 5,000.00

Cash on…