Fireman's Mutual Aid Ass'n v. Commonwealth

The question to he decided in this case is whether or not the intangible property, consisting of bonds, notes, etc., and money, in which the accumulated funds of the plaintiff in error are invested, is liable to taxation by the State.

The plaintiff in error, which we shall hereinafter call the defendant, was incorporated under the appropriate statutes in the year 1912. It's purposes, as set forth in an amendment to the original charter, are as follows:

“The purposes for which the corporation is formed are to provide an assessment upon its active members to accumulate a fund in order to provide…