Commonwealth v. Keystone Graphite Co.
Supreme Court of Pennsylvania
Appeal, No. 245, Jan. T., 1916, by defendants, from order of C. P. Chester Co., Oct. T., 1915, No. 13, dismissing exceptions to report of auditor, in case of Commonwealth of Pennsylvania v. Keystone Graphite Company, with notice to Hiram C. Himes, Charles L. Eeid and Edmund B. Seymour, Trustees for the Bondholders of the New Philadelphia Graphite Company, terre-tenants. Exceptions to report of auditor distributing the proceeds of a sheriff’s sale of real estate.
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Appeal, No. 245, Jan. T., 1916, by defendants, from order of C. P. Chester Co., Oct. T., 1915, No. 13, dismissing exceptions to report of auditor, in case of Commonwealth of Pennsylvania v. Keystone Graphite Company, with notice to Hiram C. Himes, Charles L. Eeid and Edmund B. Seymour, Trustees for the Bondholders of the New Philadelphia Graphite Company, terre-tenants. Exceptions to report of auditor distributing the proceeds of a sheriff’s sale of real estate. Before Hause, J. The opinion of the Supreme Court states the facts. The court dismissed the exceptions.' Defendants ap: pealed-.…
1Opinion of the Court
Opinion bx
Mr. Justice Walling,
In 1905, the New Philadelphia Graphite Company, a New Jersey corporation, took title to certain real estate in Chester County, Pennsylvania, and at the time executed a deed of trust in the nature of a mortgage to the Union Trust Company (now Merchants Union Trust Company), to secure an issue of bonds to the amount of $50,000. In 1907, the Keystone Graphite Company, a Delaware corporation, purchased the property from the New Philadelphia Graphite Company, subject to the mortgage. .On December 14, 1910, the Commonwealth entered its lien for capital stock taxes for…
2Cases cited1 opinion
- Commonwealth v. Keystone Graphite Co.Supreme Court of Pennsylvania · 1915
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