Pennsylvania Act 1868-28 — REAL ESTATE - IMPROVEMENT OF

Act text

REAL ESTATE - IMPROVEMENT OF
                   Act of Apr. 4, 1868, P.L. 61, No. 28               Cl. 53
                                  AN ACT

     To promote the improvement of real estate by exempting mortgages
        and other money securities from taxation, except for state
        purposes, in certain counties of this commonwealth.

        Section 1.  Mortgages, judgments, etc; to be exempt from
     local taxation, in certain counties
        All mortgages, judgments, recognizances and moneys owing upon
     articles of agreement for the sale of real estate made and
     executed after the passage of this act, shall be exempt from all
     taxation except for state purposes; and from and after the first
     day of December next no taxes of any description shall be
     assessed or collected except for state purposes, on or from
     mortgages, judgments, recognizances or moneys owing upon
     articles of agreement for the sale of real estate, whether made
     and executed before or after the passage of this act: Provided,
     that nothing in this act shall be construed to apply to
     mortgages, judgments or articles of agreement given by
     corporations: Providing, that This Act shall only apply to the
     counties of Berks, Schuylkill, Luzerne, Clearfield, Allegheny,
     York, Delaware, Montgomery, Chester, Lancaster, Huntingdon,
     Fulton, Bedford, Blair, Lebanon, Clinton, Carbon, Monroe,
     Lehigh, Mifflin, Westmoreland, Northampton, Juniata, Somerset,
     Indiana, Greene, Elk, Forest, Franklin, Perry, Cumberland,
     Dauphin, Lawrence, Lycoming, Union, Snyder, Erie, Crawford,
     Bucks, McKean, Fayette, Philadelphia and Mercer.  1868, April 4,
     P.L. 61, Sec. 1.