Venango Federal Savings & Loan Ass'n v. County of Venango

Opinion by

Judge Craig,

In this case, the general question is:

Under deeds conveying a “term” of thirty-three years in land, and containing a habendum clause which states that “any improvements thereon will automatically revert to and revest in” the grantor at the end of that term, -where the grantee has erected buildings on the land, may the local taxing bodies subject the grantee’s interest in the land and buildings to real estate tax assessment?

The facts embodied in that question, established by stipulation, are undisputed. Venango Federal Savings and Loan Association has succeeded to the…