| Charles Fisk Beach - 1891 - 886 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... | |
| Illinois. Appellate Court, Edwin Burritt Smith, Martin L. Newell - 1891 - 698 páginas
...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... | |
| Railroad and Warehouse Commission of the State of Minnesota - 1891 - 618 páginas
...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... | |
| Kentucky - 1891 - 84 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... | |
| 1891 - 828 páginas
...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... | |
| 1902 - 1024 páginas
...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... | |
| Illinois. Office of Secretary of State - 1903 - 794 páginas
...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... | |
| Henry Campbell Black - 1903 - 708 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... | |
| David Armel Keister - 1904 - 168 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... | |
| James Stephen Hogg - 1905 - 470 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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