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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
por Pennsylvania. Constitutional Convention - 1873
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The Compiled Statutes of the State of Nebraska, 1881

Nebraska - 1887 - 1033 páginas
...corporations as common carriers shall never be limited. SEC. 5. [Increase of stock and bonds.] — No railroad corporation shall issue any stock or bonds, except...indebtedness of any such corporation shall be void. The capital stock of railroad corporations shall not be increased for any purpose, except after public...
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Constitution of the State of Illinois

Illinois - 1887 - 50 páginas
...transportation of passengers and freight on the different railroads in this State. § 13. No railroad corporation shall issue any stock or bonds, except...stock dividends, and other fictitious increase of capital stock or indebtedness of any such corporation, shall be void. The capital stock of no railroad...
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Appletons' Annual Cyclopaedia and Register of Important Events

1887
...in the Constitution and laws of the State against the issuance of fictitious stock, declaring that "all stock dividends and other fictitious increase...indebtedness of any such corporation shall be void," has not been effective. As shown in the statistics given above, the stock of nearly every road is largely...
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The Southwestern Reporter, Volume 149

1912
...association, together with the value of each item taken; that the laws of Illinois provided that no 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 stock dividends and other fictitious...
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Report

Railroad and Warehouse Commission of the State of Minnesota - 1887
...pledged, and the shares for which such certificates are to be issued, shall have been fully paid, nor issue any stock or bonds except for money, labor or property actually received and applied to the purpose for which such corporation was created, and all fictitious stock, dividends, and other fictitious...
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The Southwestern Reporter, Volume 209

1919
...that no corporation shall Issue stock or bonds, except for an equivalent in money paid or labor done, or property actually received and applied to the purposes for which .such corporation was created, and neither labor nor property shall be received in payment of stock or bonds at a greater value than the...
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United States Reports: ... and Rules Announced at ...

United States. Supreme Court - 1887
..." The latter part of the clause of the constitution in question, which declares that ' all stocks, dividends, and other fictitious increase of the capital stock or indebtedness of such corporation shall be void,' we think, clearly points out the chief object which the constitutional...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 120

United States. Supreme Court - 1887
...said: "The latter part of the clause of the constitution in question, which declares that ' all stocks, dividends, and other fictitious increase of the capital stock or indebtedness of such corporation shall be void,' we think, clearly points out the chief object which the constitutional...
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Laws, Joint Resolutions, and Memorials, Passed at the ... Session of the ...

Nebraska - 1887
...The liability of railroad corporations as common carriers shall never be limited. SEC. 5. No railroad corporation shall issue any stock or bonds, except for money, labor, or prop- bond6" erty actually received and applied to the purposes for which such corporation was created,...
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The Supreme Court Reporter, Volume 7

1887
...said: "The latter part of the clause of the constitution in question, which declares that ' all stocks, dividends, and other fictitious increase of the capital stock or indebtedness of such corporation shall be void,' we think clearly points out the chief object which the constitutional...
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