 | California. Supreme Court - 1906 - 814 páginas
...upon the power to issue their shares is contained in section 11 of article XII of the constitution, which provides that 'no corporation shall issue stock...money paid, labor done, or property actually received, and all fictitious increase of stock or indebtedness shall be void.' Hereby the clearest implication... | |
 | California. Supreme Court - 1906 - 826 páginas
...of this position counsel cite section 359 of the Civil Code, which provides that " no corporation1 shall issue stock or bonds except for money paid, labor done, or property actually received." But if that section has any bearing on the case, it seems to us it must be construed to render void... | |
 | California - 1907 - 816 páginas
...original owner or the lessee or grantee. (Lee v. Southern Pac. RR Co., 116 Cal. 97, 47 Pac. 932.) Sec. 11. No corporation shall issue stock or bonds, except...money paid, labor done, or property actually received, and all fictitious increase of stock or indebtedness shall be void. The stock and bonded indebtedness... | |
 | California - 1907 - 576 páginas
...or enjoyment of such franchise, or any of its privileges. 116 Cal. 100. Issuance of stock. SEC. 11. No corporation shall issue stock or bonds, except for money paid, labor done, or property actually receiveil ; and all fictitious increase of stock or indebtedness shall be void. The stock and bonded... | |
 | California - 1907 - 998 páginas
...INCREASE OF STOCK VOID.] BONDED INDEBTEDNESS, HOW CREATED OR INCREASED. No corporation shnll issue stocks or bonds except for money paid, labor done or property actually received, and all fictitious increase of stock or indebtedness is void. Every corporation may increase or diminish... | |
 | California - 1907 - 894 páginas
...INCREASE OF STOCK VOID.] BONDED INDEBTEDNESS, HOW CREATED OR INCREASED. No corporation shnll issue stocks or bonds except for money paid, labor done or property actually received, and all fictitious increase of stock or indebtedness is void. Every corporation may increase or diminish... | |
 | Mrs. Percy V. Pennybacker - 1907 - 442 páginas
...wharfage shall at all times be subject to amendment, modification, or repeal by the Legislature. SEC. 6. No corporation shall issue stock or bonds except for...money paid, labor done, or property actually received, and all fictitious increase of stock or indebtedness shall be void. SEC. 7. Nothing in this Article... | |
 | 1908 - 1304 páginas
...Stock Corporation Law, Laws 181K), p. 1073, c. 564, § 42, as amended by Laws 1901, p. U01, c. 354, provides that no corporation shall Issue stock or bonds except for money, and for labor done or property actually received for the lawful use of the corporation, and section... | |
 | 1919 - 1022 páginas
...latter case the law provides (section 359, Civ. Code) as follows: "No corporation shall issue stocks or bonds except for money paid, labor done or property actually received." A promissory note Is property, and therefore it is included within said provisions. This circumstance... | |
 | Texas - 1920 - 116 páginas
...the extent of the value thereof, to secure the payment of any debts contracted for same; provided, no corporation shall issue stock or bonds except for...money paid, labor done, or property actually received, and all fictitious increases in stock or indebtedness shall be void; provided further, all lands acquired... | |
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No corporation shall issue stock or bonds, except for money paid, labor done, or property actually received, and all fictitious increase of stock or indebtedness shall be void. 
