Commonwealth v. Phila. Rapid Transit Co.

Opinion by

Me. Justice Kephaet,

The levy made under section 1 of the Act of June 17, 1913, P. L. 507, imposing a tax on loans, including car trust securities, was for county purposes (Com. v. Le-high & New England Railroad Co., 268 Pa. 271); the State could not claim the tax under section 17 of the same act. This latter section was amended by the Act of July 15, 1919, P. L. 955, providing as follows: “Section 17. That all scrip, bonds, certificates and evidences of indebtedness issued......or assumed, or on which interest shall be paid, by any and every private corporation,......are hereby made…