 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 capital stock...  Journal of Social Science - Page 2281871Full view - About this book
 | Illinois. Supreme Court - Law reports, digests, etc - 1916 - 710 pages
...device conceived with the fraudulent intent to evade the constitutional and statutory requirements that no railroad corporation shall issue any stock or bonds...labor or property actually received and applied to the purpose for which such corporation was organized, and that all dividends and other fictitious increase... | |
 | United States. Supreme Court - Law reports, digests, etc - 1874 - 726 pages
...in July, 1870, by the thirteenth section of the eleventh article of which it is declared as follows: "No railroad corporation shall issue any stock or...the purposes for which such corporation was created, mid all stock-dividends, and other fictitious increase of the capital stock, or indebtedness of any... | |
 | 1907 - 1184 pages
...thirty percent, stock dividend) was valid. for the Constitution of that State has this provision : No railroad corporation shall issue any stock or bonds...labor, or property actually received and applied to the purpose for which such corporation was created ; and all stock dividends and other fictitious increases... | |
 | Illinois. Constitutional Convention - Constitutional conventions - 1870 - 1074 pages
...franchises. § 6. No railroad or other corporation shall issue any stock, bonds, evidences of indebtedness, except for money, labor or property actually received...purposes for which such corporation was created ; and all steck dividends and other fictitious increase of the capital stock or indebtedness of any such corporation... | |
 | William B. Dana - Commerce - 1870 - 494 pages
...to stockholders, in such manner as nay be provided by law. No railroad corporation is permitted to issue any stock or bonds except for money, labor or property actually received and applied to the purpose for which such corporation was created ; all stock dividends and other fictitious increase... | |
 | Encyclopedias and dictionaries - 1871 - 822 pages
...for the transportation of passengers and freight on tho different railroads in this State. SEC. 18. No railroad corporation shall issue any stock or bonds,...actually received and applied to the purposes for which euch corporation was created ; and all stock dividends, and other fictitious increase of tho capital... | |
 | Encyclopedias and dictionaries - 1871 - 816 pages
...for the transportation of passengers and freight on tho different railroads in this State. SEO. 13. No railroad corporation shall issue any stock or bonds,...actually received and applied to the purposes for whim such corporation was created ; and all stock dividends, and other fictitious increase of the capital... | |
 | Edward McPherson - United States - 1872
...railroad corporation shall issue any stock of bonds, except, for money, labor or property actual iy received and applied to the purposes for which such...other fictitious increase of the capital stock or inebtedness of any such corporation, shall be oid. The capital stock of no railroad cororation shall... | |
 | Illinois - Law - 1872 - 944 pages
...property of individuals. i»ae of stock § 21. No such corporation shall issue any stock or and bond* bonds, except for money, labor or property actually...applied to the purposes for which such corporation was organized. All stock dividends and other fictitious increase of the capital stock or indebtedness of... | |
 | Pennsylvania. Constitutional Convention - Constitutional conventions - 1873 - 830 pages
...Legislature shall provide by law for the proper enforcement of this section. SECTION 11. No railroad or canal corporation shall issue any stock or bonds, except...corporation was created ; and all stock dividends and other flcti fions Increase of the capital stock or indebtedness of any such corporations, shall be void.... | |
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