Section 1. Charitable societies, etc; may hold real and personal estate to the yearly value of $350,000
Any literary, religious, charitable or beneficial society, congregation, association or corporation having capacity to take and hold real and personal estate within this Commonwealth, may acquire and/or hold the same, regardless of when acquired, to the extent in the aggregate of the clear yearly value of three hundred and fifty thousand dollars ($350,000), and to no greater extent, without a decree of court in accordance with the acts of Assembly in such case made and provided. Such value shall be ascertained as provided by the act (1855, April 26, P.L. 328) to which this is a supplement. 1889, April 22, P.L. 42, Sec. 1; 1929, March 13, P.L. 21, Sec. 1.