Beardmore v. Ling

The opinion of the court was delivered by This is the latest in a series of cases reaching this court
from the western reaches of our state involving the assessment of
oil and gas properties. The plaintiffs, who are partners doing
business as Beardmore Drilling Company, own and operate five oil
and gas leases in Hodgeman County. They will be referred to
herein either as plaintiffs or as Beardmore. For the calendar year 1965, the five leases were assessed by
the county clerk of Hodgeman County, wearing his assessor's hat,
in the aggregate sum of $143,525. This figure was designed to
represent thirty per cent of the justifiable value of all five
leases and was arrived at by use of a formula prepared and
distributed by the state director of property valuation.