...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...

...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...

...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...

...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...

...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...

...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...

..." 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...

...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...

...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,...

...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...