It still could be a 240 volt circuit and they are only switching one side of the 240. Not illegal, but not the best practice either. It does leave a live leg at the load that can nail you if you are unaware. Can you post pics of the inside of the breaker box? . The inside of the breaker box will help answer that.
Edit...Just looked at the pics again. Can you indicate to us which conduit goes where. I see one out the top that most likely feeds the receptacle above it, one going back into the wall and one out the bottom. BTW, that switch should be replaced. It looks like it had some pretty significant heat damage.
Mike, I am in Allegany (Olean, St Bonaventure, almost on the PA line)
Edit...Just looked at the pics again. Can you indicate to us which conduit goes where. I see one out the top that most likely feeds the receptacle above it, one going back into the wall and one out the bottom. BTW, that switch should be replaced. It looks like it had some pretty significant heat damage.
Mike, I am in Allegany (Olean, St Bonaventure, almost on the PA line)