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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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Laws of Illinois Pertaining to the Jurisdiction of the Public Utilities ...

Illinois - 1919 - 208 páginas
...incorporation Act read: "Issue 0 stock and bonds limited.] § 21. No such corporation shall issue any stock o bonds, except for money, labor or property actually received and applied to tl purposes for which such corporation was organized. All stock dividends, and oth< fictitious increase...
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Report

Nebraska. State Railway Commission - 1923
...corporation shall be permitted to 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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Commission Leaflets: Recent Commission Orders, Rulings and ..., Edições 139-143

American Telephone and Telegraph Company. Bureau of Commission Research. Legal Dept - 1924
...corporation shall be permitted to 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 pn>i>erty shall be received in payment of stock or bonds at a greater value than...
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The Federal Reporter: With Key-number Annotations ..., Volume 99

1900
...STATE REGULATION — ISSUANCE OF STOCK. The provision of (.'oust. Ill. art. 11, § 13, that no railroad corporation shall issue any stock or bonds except...applied to the purposes for which such corporation was organized, and that all stock dividends and other fictitious increase of the capital stock of any such...
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The Federal Reporter: With Key-number Annotations ..., Volume 34

1888
...pledged, and the shares for which such certificates are to be issued, shall ave 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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Public Ownership: A Survey of Public Enterprises, Municipal, State, and ...

Carl Dean Thompson - 1925 - 445 páginas
...'that no corporation shall issue stocks 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 stocks or bonds at a greater value than...
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The Federal Reporter: With Key-number Annotations ..., Volume 92

1899
...art 11, § 5 (Consol. St. Neb. 1891, p. 72), which provides that a railroad company shall not issue stock or bonds except for money, labor, or property actually received, and that fictitious Issues of stock or bonds shall be void, because at the time of the exchange the cash...
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The South Western Reporter, Volume 277

1926
...provides: "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 wns created, and neither labor nor property shall be received in payment of stock or bonds at a greater...
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The Central Law Journal, Volume 24

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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The Outlook, Volume 85

1907 - 1090 páginas
...dividend) was valid, 536 THE WEEK 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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