Commonwealth v. Bank of Pennsylvania
Supreme Court of Pennsylvania
ON the 31st January 1842, the attorney-general, on behalf of the commonwealth, filed a bill against the defendants, setting forth that “ The President, Directors and Company of the Bank of Pennsylvania,” being a banking corporation, the chief place of business of which is situate in the city of Philadelphia, established under and by authority of the laws of the said commonwealth, is made and constituted by'said laws, the depository of the public moneys of the said…
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ON the 31st January 1842, the attorney-general, on behalf of the commonwealth, filed a bill against the defendants, setting forth that “ The President, Directors and Company of the Bank of Pennsylvania,” being a banking corporation, the chief place of business of which is situate in the city of Philadelphia, established under and by authority of the laws of the said commonwealth, is made and constituted by'said laws, the depository of the public moneys of the said commonwealth- That in pursuance of the requisitions of the laws of the said' commonwealth, large sums of the said public moneys…
1Opinion of the Court
The opinion of the Court was delivered by
Sergeant, J.
The equity powers of our courts 'in respect to individuals, are circumscribed within a limited sphere, as we had occasion to point out in the case of Gilder v. Merwin, (6 Wharton 522); but over corporations their equity jurisdiction is general and j unlimited: for by the 13th sectjon'of the Act of 16th June 1836, j the Supreme Court and the several Courts of Common Pleas have j the jurisdiction and powers of a Court of Chancery, as far as j relates to the supervision and control of all corporations, other h than those of a municipal…
2Cited by4 opinions
- Hagner v. HeybergerSupreme Court of Pennsylvania · 1844
- Hitchcock v. American Pipe & Construction Co.New Jersey Court of Chancery · 1918
- McMasters v. CarothersSupreme Court of Pennsylvania · 1845
- Titusville Oil Exchange v. WitheropSuperior Court of Pennsylvania · 1896