Gulf, C. & S. F. Ry. Co. v. Excise Board

The Gulf, Colorado & Santa Fe Railway Company, a corporation, protested certain tax levies made by the excise board of Love county for the fiscal year beginning- July 1, 1928, as illegal and excessive. An appeal was taken by protestant from the judgment of the Court of Tax Review.

The protestan! presents two propositions: First, in computing- the amount to be raised by taxation for the sinking- fund for the eity of Marietta an estimated income to that fund of $3,900 was disregarded, thereby increasing the amount of the tax levy for that purpose to that extent; and, second, in computing the…