Pa. Chautauqua v. Public Service Commission

Opinion by

Gawthrop, J.,

Appellant is a corporation of the first class, its corporate purpose as stated in its charter granted by the court of common pleas of Lebanon County, June 13, 1892, being “the advancement of literary and scientific attainment among the people and the promotion of popular culture in the interests of Christianity.” It has an authorized capital stock of $30,000, of which $8,500 par value is issued and outstanding. Incidental to its purpose it acquired a tract of about ninety acres of land which it laid out into building lots and streets. Lots were sold to various persons…