 No corporation shall issue stocks or bonds except for money, labor done, or money or property actually received, and all fictitious increase of stock or indebtedness shall be void.  The Pacific Reporter - Page 3681910Full view - About this book
 | Alabama. Supreme Court - Law reports, digests, etc - 1898 - 878 pages
...provides that: "No corporation shall issue stock or bonds except for money, labor done, or money er property actually received and all fictitious increase of stock or indebtedness shall, be void."— Const., Art. XIV, § 6. 5. If the bonds when delivered to complainants could not be enforced in their... | |
 | Law - 1885 - 544 pages
...provides that ' ' no corporation shall issue stocks or bonds except for money, labor done, or money or property actually received; and all fictitious increase of stock or indebtedness shall be void." An incorporated railroad company of that State entered into a construction contract whereby the contractor... | |
 | Pennsylvania. Constitutional Convention - Constitutional conventions - 1873 - 746 pages
...seventh and eighth : "SECTION 7. No corporation shall issue stocks or bonds except for money, labor or property actually received ; and all fictitious increase of stock or indebtedness shall be void ; the stock and indebtedness of corporations shall not be increased except in pursuance of general... | |
 | Edward McPherson - United States - 1874 - 268 pages
...and proper for its legitimate business. No corporation shall issue stocks or bonds except for money, labor done, or property actually received; and all...fictitious increase of stock or indebtedness shall be void. The stock of corporations shall not be increased, except in pursuance of general law, nor without the... | |
 | Edward McPherson - United States - 1872
...and proper for its legitimate business. No corporation shall issue stocks or bonds except for money, labor done, or property actually received; and all...fictitious increase of stock or indebtedness shall be void. The stock of corporations shall not be increased, except in pursuance of general law, nor without the... | |
 | Michigan. Legislature. Senate - Michigan - 1874 - 284 pages
...be served. SEC. 7. No corporation shall issue stocks or bonds except for money, labor done, or money or property actually received; and all fictitious increase of stock or indebtedness shall be void. The stock and indebtedness of corporations shall not be increased except in pursuance of general law,... | |
 | Law reports, digests, etc - 1896 - 644 pages
...attorney- general. "No corporation shall issue stocks or bonds except for money, labor done or money or property actually received, and all fictitious increase of stock or indebtedness shall be void." The Act of May 7, 1887, PL 94, is entitled, ' 'An Act to enforce against railroads and corporations... | |
 | Pennsylvania. Laws, statutes, etc - Law - 1876 - 288 pages
...therefor; no such corporation shall issue either bonds or stock except for money, labor done or money or property actually received, and all fictitious increase of stock or indebtedness in any form shall be void; every such corporation may provide for the issue of deferred stock in payment... | |
 | Utah. Supreme Court, Albert Hagan, John Augustine Marshall, John Maxcy Zane, James A. Williams, Joseph M. Tanner, George L. Nye, John Walcott Thompson, August B. Edler, Alonzo Blair Irvine, Harmel L. Pratt, William S. Dalton, H. Arnold Rich - Law reports, digests, etc - 1912 - 686 pages
...railroad has been subscribed, and that ten per cent. of the amount subscribed by each subscriber has been paid. Again, in section 331, which is the section...Legislature who passed the foregoing sections that the capitol stock of corporations excepting those created for mining and irrigation, shall represent full... | |
 | Benjamin Perley Poore - Constitutional law - 1877 - 1054 pages
...charter. SEC. 6. No corporation shall issue stock or bonds, except for money, labor done, or money Benjamin Pe 3 0 The stock and bonded indebtedness of corporations shall not be increased, except in pursuance of general... | |
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