Commonwealth v. Finance Co.

Lipsitt, J.,

The Finance Company of Pennsylvania (hereinafter called “appellant”) has appealed from a decision of the Board of Finance and Revenue refusing a petition for review and sus*74taining the action taken by the Department of Revenue which imposed a bank shares tax1 on the company’s capital stock for the calendar year 1959. This proceeding was tried before this court on stipulated facts, a trial by jury having been waived pursuant to the Act of April 22, 1874, P. L. 109, 12 PS §688.

Appellant was organized by the Pennsylvania General Assembly by a Special Act of May 12, 1871, P. L. 787.…