Presbyterian Church v. Montgomery County
Supreme Court of Pennsylvania
Error to the Court of Common Pleas of Montgomery County. Case stated, the following extract from which raises the question decided by the court:— “ The defendants are a religious corporation, duly constituted by an act of assembly of the Commonwealth of Pennsylvania, and resident within the said county. • As such corporation they have the following personal properly, to wit: Sixteen thousand eight hundred and seventy-five dollars, which is invested on bond and mortgage, at…
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Error to the Court of Common Pleas of Montgomery County. Case stated, the following extract from which raises the question decided by the court:— “ The defendants are a religious corporation, duly constituted by an act of assembly of the Commonwealth of Pennsylvania, and resident within the said county. • As such corporation they have the following personal properly, to wit: Sixteen thousand eight hundred and seventy-five dollars, which is invested on bond and mortgage, at an annual interest of six per cent.; and two thousand five hundred dollars of the five per cent, loan of the State of…
1Opinion of the Court
The opinion of the court was delivered
by Strong, J.
The plaintiffs in error contend that the personal property owned by them and invested in bonds and mortgages is not subject to taxation, because it is held in trust for religious purposes, and is therefore exempt under the first section of the act of April 22d, 1845. Whatever may be the true construetion of this section it is useless to inquire. A subsequent act, *247passed April 14th, 1851, P. L. 625, enacts that “ All property, real or personal, belonging to any association or incorporated company which is now by law exempt from taxation, other…
2Cases cited1 opinion
- Commonwealth v. CuylerSupreme Court of Pennsylvania · 1843