Commonwealth v. J. B. Jellico Coal Company

Opinion of the Court by

Commissioner Hobson—

Affirming.

The White Log Jellico Coal Company being the owner in fee of 795 acres of coal land, on October 9,1916, leased the property to the J. B. Jellico Coal Company for a term of 20 years on the royalty of 20 cents a ton of the coal mined, and it was provided in the lease that, if the lessee became bankrupt, the lease should terminate. The lessee took possession of the property and operated it. The lessor gave in for taxation its real estate, which was assessed to it at $30,000. It paid its taxes. The property held under the lease was assessed to…