FIRST BANK OF DEER PARK v. DEER PARK INDEPENDENT SCH. DIST.

No. 9661.

770 S.W.2d 849 (1989)

FIRST BANK OF DEER PARK, Appellant, v. DEER PARK INDEPENDENT SCHOOL DISTRICT, et al., Appellee.

Court of Appeals of Texas, Texarkana.

Rehearing Denied May 16, 1989.


Attorney(s) appearing for the Case

Ruben F. Valdes, Hon. E. D. Vickery, Roysten, Rayzor, Vickery & Williams, Houston, for appellant.

Jim L. Peacock, Heard, Goggan, Blair & Williams, Houston, for appellee.


GRANT, Justice.

First Bank of Deer Park ("the Bank") appeals from a summary judgment in a case in which the Bank was seeking refund of ad valorem taxes on bank stock in the amount of $29,018.22 from Deer Park Independent School District ("the School District"). The School District assessed and collected ad valorem taxes from the Bank on its bank shares for the years 1979 through 1982, and it included in its computations the value of United States obligations held...

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