Chicago, R. I. & P. Ry. Co. v. Excise Board

This is an appeal from the judgment of the Court of Tax Review rendered against the plaintiff in error, the Chicago, Rock Island, & Pacific Railway Company, denying its protest against the action of the excise board of Canadian county in failing to use the sum of $10,-972.33, cash on hand in the city's funds known as a special improvement guaranty fund, in reducing the tax levy for sinking-fund for the city of El Reno for the fiscal year 1982-1983. For said fiscal year the excise board made no general fund levy, but made a sinking fund levy of 15.07 mills.

At the trial of the case, the parties…