Commonwealth v. the Mundy Corp.

Opinion by

Me. Justice Maxey,

This is an appeal by the Commonwealth from the judgment of the Court of Common Pleas of Dauphin County sitting without a jury, refusing to tax for capital stock tax or franchise tax purposes certain securities held and owned by the appellee.

The appellee, The Mundy Corporation, is a corporation organized under the laws of the State of Delaware. It registered to do business in Pennsylvania on December 29,1924, with an office and place of business at 207 South Ninth Street, Philadelphia, Pennsylvania. On August 10, 1933, the Commonwealth issued to the appellee a…