29

-4848-
American National Bank,
of FORT WORTH

WM. G. NEWBY, President
W. J. BOAZ, Vice President
G. H. COLVIN, Cashier

FORT WORTH, TEXAS

Minority Report on the
proposition of the Fort
Worth Light & Power Co. to
compromise tax litigation

To the Hon. City Council of Fort
Worth, Texas.

I am unable to concur in
the majority report of the major-
ity of the Finance & Judiciary
Committee recommending
a settlement by accepting
from the Fort Worth Light &
Power Co., the taxes for 1903
based on a valuation of
103,000. The board of equal-
ization placed the valuation
at $196000 after hearing the
evidence and in my opinion
this valuation has not been
shown to be excessive.
The proposed compromise