Shillington Bank Case

Opinion by

Mr. Justice Barnes,

The sole question before us is whether property in the hands of liquidating trustees of an insolvent state banking institution is subject to the four-mill personal property tax for county purposes imposed by the Act of June 17, 1913, P. L. 507, as last amended by the Act of April 21, 1933, P. L. 54.. In 1933, The Shillington Bank and Mohnton Trust Company, state banking institutions in Berks County, were placed upon a restricted basis by the Secretary of Banking. A plan of reorganization for both institutions was adopted under the Act of May 4, 1933, P. L. 271,…