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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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Commentaries on the Law of Private Corporations: Whether with Or ..., Volume 2

Charles Fisk Beach - 1891 - 1487 páginas
...statute.3 But the prohibition of the Illinois constitution against the issue, by railway corporations, of " stock or bonds, except for money, la.bor, or property...purposes for which such corporation was created," is not intended to interfere with the usual methods of raising money for legitimate purposes, as for...
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Reports of Cases Decided in the Appellate Courts of the State of ..., Volume 36

Illinois. Appellate Court, Edwin Burritt Smith, Martin L. Newell - 1891
...opinion the court gave construction to the provision of the constitution which provides 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 created," and that "all stocks, dividends and other fictitious...
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Report

Railroad and Warehouse Commission of the State of Minnesota - 1891
...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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Constitution of the Commonwealth of Kentucky: Adopted by the Constitutional ...

Kentucky - 1891 - 68 páginas
...193. 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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Political Science Quarterly, Volume 6

1891
...transportation. Section 5 of the constitution provides that no corporation shall issue any bonds or stock except for money, labor or property actually received and applied to the purpose for which the corporation was created. It is an admitted fact the railroads in this state have...
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The American and English Railroad Cases: A Collection of All Cases ...

1902
...statutes of that state (3 Starr & C. Ann. St. 1896, p. 3236). This provision is as follows: "No such corporation shall issue any stock or bonds, except...applied to the purposes for which such corporation was organized. All stock dividends, and other fictitious increase of the capital stock or indebtedness...
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Blue Book of the State of Illinois

Illinois. Office of Secretary of State - 1903
...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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A Treatise on the Law of Mortgages and Deeds of Trust: Founded on the Laws ...

Henry Campbell Black - 1903 - 621 páginas
...the subject of legislation. In the first place, the constitution provides that no railroad company shall issue any stock or bonds except for money, labor, or property actually received and applied to the purpose for which such corporation was created.2« In the next place, the statutes give such corporations...
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Keister's Business Manual: A Hand Book for Everybody

David Armel Keister - 1904 - 156 páginas
...10. No. 11. Many of the states have made constitutional prohibitions, against corporations issuing stock or bonds, except for money, labor, or property...actually received and applied to the purposes for which the corporation was created, and providing that all fictitious indebtedness of corporations shall be...
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Speeches and State Papers of James Stephen Hogg, Ex-governor of Texas: With ...

James Stephen Hogg - 1905 - 453 páginas
...constitutional provision just quoted, adopted, through their Legislature, the following laws: " '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; nor shall it issue any share of stock in said company...
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