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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 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. § 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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Select Cases and Other Authorities on the Law of Private Corporations

Edward Henry Warren - 1909 - 703 páginas
...the thirteenth section of the eleventh article of which it is declared as follows : — " No railroad corporation shall issue any stock or bonds, except...purposes for which such corporation was created, and all stock-dividends, and other fictitious increase of the capital stock, or indebtedness of any such corporation,...
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Cobbey's Annotated Statutes of Nebraska, Volume 1

Nebraska - 1909 - 3941 páginas
...State, 76 Neb. 450; 107 NW 766. 639. Fictitious bonds and capital stock prohibited. SEC. 5. No railroad corporation shall issue any stock or bonds, except...purposes for which such corporation was created, and all stocks, dividends, and other fictitious increase of the capital stock or indebtedness of any such corporation...
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The Federal and State Constitutions, Colonial Charters: Florida-Kansas

Francis Newton Thorpe - 1909 - 628 páginas
...railroads in this State. § 13. No railroad corporation shall issue any stock or bonds, except for monev, labor, or property actually received and applied to...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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The Federal and State Constitutions: Colonial Charters, and Other ..., Volume 3

Francis Newton Thorpe - 1909
...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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The Federal and State Constitutions, Colonial Charters, and Other ..., Volume 3

Francis Newton Thorpe - 1909
...19.3. 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, imd neither labor nor property shall be received in payment of stock or bonds at a greater value than...
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New Mexico's Struggle for Statehood: Sixty Years of Effort to Obtain Self ...

Le Baron Bradford Prince - 1910 - 154 páginas
...transporation of passengers and freight on the different railroads in this state. "Sec. 5. 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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The Law of Illinois Corporations: Including Decisions, Statutes and Forms ...

Rodolphus Waite Joslyn - 1910 - 646 páginas
...individuals. (See Const., Art. 11, Sec. 10.) 22. Issue of stock and bonds limited.) § 21. 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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Iowa Journal of History, Volume 8

Benjamin Franklin Shambaugh - 1910
...majority of whom should be citizens and residents of Iowa. Secondly, no railroad corporation should issue any stock or bonds, except for money, labor...actually received and applied to the purposes for which it was created; "and all stock dividends and other fictitious increase of the capital stock or indebtedness...
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A Documentary History of American Industrial Society: Labor movement

John Rogers Commons, Ulrich Bonnell Phillips, Eugene Allen Gilmore, John Bertram Andrews, Helen Laura Sumner - 1911 - 382 páginas
...Section 13, prohibits any railroad company from issuing watered stock, in these words : "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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