Second Nat. Bank of Titusville v. Caldwell

Acheson, D. J.

The plaintiff’s claim to exemption from local taxation on its real estate rests upon the assumption that section 17 of the act of assembly of June 7, 1879, (P. L. 112,) entitled “An act to provide revenue by taxation,” is still in full force. That section enacts that “in case any bank or savings institution incorporated by this state, or any national bank, elect to collect annually from the shareholders thereof a tax of six-tenths of 1 per centum upon the par value of all the shares of said'bank or savings institution, and pay the same into the state treasury on or before the…