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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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Insurance Law of Kentucky: All Statutes in Full, All Decisions of Appellate ...

William Warwick Thum, Fred P. Caldwell - 1905 - 863 páginas
...value. 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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Special Report of the Railroad and Warehouse Commission ... in the Matter of ...

Illinois. Railroad and Warehouse Commission - 1906 - 402 páginas
...BONDS EXCEPT FOR MONEY, PROPEBTY oIÍ LABOB, VOIDl "No railroad corporation shall issue any stocks or bonds, except for money, labor or property actually...all stock dividends and other fictitious increase of capital stock or indebtness of any such corporation shall be void. The capital stock of no railroad...
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Special Report of the Railroad and Warehouse Commission ... in the Matter of ...

Illinois. Railroad and Warehouse Commission - 1906 - 402 páginas
...the object of this provision, in providing that — "No railroad corporation shall issue any stocks or bonds except for money, labor, or property actually...created; and all stock dividends and other fictitious increases of the capital stock or indebtedness of such corporation shall be void" was to prevent recklessness...
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Laws Relating to Railroads and Warehouses: Parts of Statutes Concerning ...

Illinois - 1907 - 167 páginas
...individuals. [See Const., art. u, § 10. 22. §21. No such corporation shall issue any stock or bond, except for money, labor or property actually received...applied to the purposes for which such corporation was organized. All stock dividends, and other fictitious increase of capital stock or indebtedness of any...
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Railway Corporations as Public Servants

Henry Stevens Haines - 1907 - 233 páginas
...received or applied to the purpose for which such corporation was created; and all stock dividends or other fictitious increase of the capital stock or...indebtedness of any such corporation shall be void." Yet the capitalization of this property had been increased from $40,000,000 to $120,000,000 with no...
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Report, Volume 16,Parte 1907

Railroad Commission of Texas - 1907
...CORPORATIONS. (Revised Statutes, 1895.) Art. 4410. No railroad corporation shall issue any stock or DOn^3 except for money, labor or property actually received and applied to the purpose for which such corporation was organized; nor shall it issue any shares of stock in said company...
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Report, Volume 17,Parte 1908

Railroad Commission of Texas - 1908
...Statutes, 1895.) TU t i- huh Art. 4410. No railroad corporation shall issue any stock Issued,0 except. * or bonds except for money, labor or property actually received and applied to the purpose for which such corporation was organized; nor shall it issue any shares of stock in said company...
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Minnesota: The North Star State

William Watts Folwell - 1908 - 382 páginas
...all persons for transportation at reasonable charges. 5. No railroad company to issue any stocks and bonds except for money, labor, or property actually received and applied to the purposes of the corporation ; all fictitious stocks and bonds to be void, and no increase of either, unless...
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The Federal and State Constitutions, Colonial Charters, and Other ..., Volume 4

Francis Newton Thorpe - 1909
...The liability of railroad corporations as common carriers shall never be limited. SEC. 5. 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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The Federal and State Constitutions, Colonial Charters, and Other ..., Volume 2

Francis Newton Thorpe - 1909
...transportation of passengers and freight on the different railroads in this State. :; 18. 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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