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" No railroad corporation shall issue any stock or bonds, except for money, labor or property actually received and applied to the purposes for which such corporation was created; and all stock dividends, and other fictitious increase of the capital stock... "
DEBATES OF THE CONVENTION TO AMEND THE CONSTITUTION OF PENNSYLVANIA - Página 153
1873
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Reports of Cases at Law and in Chancery Argued and Determined in ..., Volume 263

Illinois. Supreme Court - 1914
...out section 13 of article 11 of the constitution of Illinois, which reads as follows: "No railroad corporation shall issue any stock or bonds, except...indebtedness of any such corporation, shall be void." It also set out section 22 of the Railroad Corporation act, which is substantially identical with the...
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Reports of Cases at Law and in Chancery Argued and Determined in ..., Volume 269

Illinois. Supreme Court - 1916
...with the fraudulent intent to evade the constitutional and statutory requirements that no railroad corporation shall issue any stock or bonds except...labor or property actually received and applied to the purpose for which such corporation was organized, and that all dividends and other fictitious increase...
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Cases Argued and Adjudged in the Supreme Court of the United States, Volume 18

United States. Supreme Court - 1874
...by the thirteenth section of the eleventh article of which it is declared as follows: "No railroad corporation shall issue any stock or bonds, except...the purposes for which such corporation was created, mid all stock-dividends, and other fictitious increase of the capital stock, or indebtedness of any...
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The Constitution of the State of Illinois: As Adopted in Convention, May 13 ...

Illinois, Illinois. Constitutional Convention - 1870 - 46 páginas
...transportation of passengers and freight on the different railroads in this State. § 13. No railroad corporation shall issue any stock or bonds, except...indebtedness of any such corporation, shall be void. The capital stock of no railroad corporation shall be increased for any purpose, except upon giving...
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Albany Law Journal, Volume 4

1871
...transportation of passengers and freight on the different railroads in this State." § 13. " No railroad corporation shall issue any stock or bonds, except...indebtedness of any such corporation shall be void." undoubtedly correct and invincible in his position that the execution of such a lease cannot be restrained,...
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Journal of the Constitutional Convention, of the State of Illinois: Convened ...

Illinois. Constitutional Convention - 1870 - 1022 páginas
...franchises. § 6. No railroad or other corporation shall issue any stock, bonds, evidences of indebtedness, except for money, labor or property actually received...purposes for which such corporation was created ; and all steck dividends and other fictitious increase of the capital stock or indebtedness of any such corporation...
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New Outlook, Volume 85

1907
...percent, stock dividend) was valid. for the Constitution of that State has this provision : No railroad corporation shall issue any stock or bonds except...labor, or property actually received and applied to the purpose for which such corporation was created ; and all stock dividends and other fictitious increases...
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The Merchants' Magazine and Commercial Review, Volume 62

William Buck Dana - 1870
...to stockholders, in such manner as nay be provided by law. No railroad corporation is permitted to issue any stock or bonds except for money, labor or property actually received and applied to the purpose for which such corporation was created ; all stock dividends and other fictitious increase...
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THE NORTH AMERICAN REVIEW VOL. CXII

The North American Review.VOL.CXII. - 1871
...transportation of passengers and freight on the different railroads in this State." § 13. "No raifroad corporation shall issue any stock or bonds, except...indebtedness of any such corporation shall be void " § 15. "The General Assembly shall pass laws to correct abuses, and prevent unjust discrimination...
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Chapters of Erie: And Other Essays

Charles Francis Adams, Henry Adams - 1871 - 429 páginas
...transportation of passengers and freight on the different railroads in this State." § 13. " No railroad corporation shall issue any stock or bonds, except...indebtedness of any such corporation shall be void " § 15. " The General Assembly shall pass laws to correct abuses, and prevent unjust discrimination...
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