DocketNumber: Appeal, No. 329
Citation Numbers: 200 Pa. 111, 49 A. 894, 1901 Pa. LEXIS 443
Judges: Blown, McCollum, Mestbezai, Mestkezat, Mitchell, Potteb
Filed Date: 7/17/1901
Status: Precedential
Modified Date: 11/13/2024
Opinion by
' This is an application for a charter, setting forth that the purposes for which the intended corporation is to be formed, are “to foster, protect and promote the welfare and interest of persons engaged in roofing and sheet metal working; and for the protection and encouragement of such trade and commerce; by combining the intelligence and influence of members against imposition and fraud, as experience may from time to time prove needful; by bringing about greater uniformity or certainty in business connections, and by establishing closer ties of business association among the members.”
The application was referred to a master who reported that he had examined the by-laws, and found them to be in accordance with the constitution of the United States and of the state of Pennsylvania, and with the proposed charter of the association. But he recommended that the charter be refused for want of jurisdiction, in that, inter alia, the business sought to be promoted was not “ trade and commerce ” within the meaning of the statute authorizing the grant of charters by the courts.
This view was adopted by the court and is tersely expressed by the learned judge below as follows : “ The courts are authorized to grant charters of incorporation to companies formed to encourage and protect the trade and commerce of the community generally, and they are not authorized by it to grant charters to associations whose object is to encourage and protect the trade or business of a particular class in the community employed in a mechanical or mercantile pursuit or handicraft as a means of livelihood or profit for those engaged therein.”
This is an erroneous construction of the language and intent of the statute. By the Act of April 29, 1874, P. L. 73, sec. 2, corporations of the first class (not for profit) are authorized to be created for any of twelve different purposes specified
The judgment is reversed and the charter directed to be approved unless it shall further appear to the court that such charter would be injurious to the community.