 | 1918 - 354 páginas
...of stock are necessary and that the proceeds are to be used for legitimate and proper improvements. In the Kentucky constitutional debates, in discussing...exist, and this we seek to avoid in this fifth section. Space will not permit me to go further into this phase of the historical development of constitutional... | |
 | United States. Congress. House. Committee on Interstate and Foreign Commerce - 1918 - 976 páginas
...corporations in this State and elsewhere would show a much larger dividend, and the people would he able to see to what extent they had been imposed upon...the fact that the stock represents something which does not really exist; and this we seek to avoid in this fifth section. Time will not permit me to... | |
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... that the proceeds are to be used for legitimate and proper improvements. In the Kentucky constitutional debates, in discussing a like provision, Mr. Clardy said : Now, it is a fact that a great many corporations in this State and elsewhere would show... 