| Illinois. Supreme Court - 1914 - 714 páginas
...actual cost of construction that the act of issuing the stock and bonds was ultra vires or fraudulent. The State retains the right to regulate rates charged...its right to a reasonable return on the investment. The constitution forbids the corporation defeating the State's right to regulate its charges by overcapitalization... | |
| 1914 - 1130 páginas
...actual cost of construction, that the act of Issuing the stock and bonds was ultra vires or fraudulent. The state retains the right to regulate rates charged...its right to a reasonable return on the investment The Constitution forbids the corporation defeating the state's right to regulate its charges by overcapitalization... | |
| United States. Congress. House. Committee on Interstate and Foreign Commerce - 1918 - 978 páginas
...Supreme Court of Illinois, in the case of People v. Union Consolidated Elevated Railway Co., 263 111., held that by this provision of the constitution :...its right to a reasonable return on the investment No matter what statutes may have been enacted by the legislatures of the various States having such... | |
| 1917 - 780 páginas
...forbid a reckless, dishonest issue of stock and bonds in excess of the consideration received. P. 41. The State retains the right to regulate rates charged...its right to a reasonable return on the Investment. The Constitution forbids the corporation defeating the State's right to regulate its charges by overcapitalization... | |
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