Philadelphia & Reading Railway Co. v. County of Philadelphia

Citations

• 228 Pa. 505
• 77 A. 892
• 1910 Pa. LEXIS 517

Syllabus

<p>Railroads — Rates—Passenger traffic — Act of April 5,1907, P. L. 59— Constitutional law — Corporations—Alteration of charter.</p> <p>Where a railroad company is prosecuting its passenger traffic at a loss, and it is within the power of the company to reduce this loss by charging rates to passengers in excess of the requirements of the Act of April 5, 1907, P. L. 59, but within the limit which the law would otherwise permit, and in this manner the company can more nearly approach a reasonable and proper return upon its capital, the company will be relieved from the duty of compliance with the act of 1907, under the protection afforded by the constitutional provision to the effect that the legislature can alter or annul an existing charter only in such manner that no injustice shall be done to the incorporators.</p>