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" ... and to direct and determine the use and disposition of any surplus or net profits over and above the capital stock paid in; and in its discretion the board of directors may use and apply any such surplus or accumulated profits in purchasing or acquiring... "
Annals of the American Academy of Political and Social Science - Page 154
1919
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The Statutory and Case Law Applicable to Private Companies: With Special ...

James Brooks Dill - Corporation law - 1901 - 444 pages
...the amount of the working capital of the company; and to direct and determine the use and disposition of any surplus or net profits over and above the capital stock paid in; and in its discretion the board of directors may use and apply any such surplus or accumulated profits...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 184

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Courts - 1902 - 782 pages
...the declaration and the payment of dividends ; and to direct and to determine the use and disposition of any surplus or net profits over and above the capital stock paid in ; and in its discretion the board of directors may use and apply any such surplus or accumulated profits...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 184

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Courts - 1902 - 758 pages
...the declaration and the payment of dividends ; and to direct and to determine the use and disposition of any surplus or net profits over and above the capital stock paid in ; and in its discretion the board of directors may use and apply any such surplus or accumulated profits...
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A Manual of the Business Corporation Law of Massachusetts

Charles Nathan Harris, Grosvenor Calkins - Corporation law - 1903 - 274 pages
...amount of the working capital of the corporation, and to direct and determine the use and disposition of any surplus or net profits over and above the capital stock paid in ; and in its discretion the board of directors may use and apply any such surplus or accumulated profits...
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I.C.S. Reference Library: A Series of Textbooks Prepared for the ..., Volume 12

International Correspondence Schools - Bookkeeping - 1904 - 786 pages
...amount of the working capital of the company ; and to direct and determine the use and disposition of any surplus or net profits over and above the capital stock paid in ; and in its discretion the board of directors may use and apply any such surplus or accumulated profits...
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The Organization and Management of Business Corporations

Walter Collins Clephane - Corporation law - 1905 - 288 pages
...the amount of the working capital of the company; and to direct and determine the use and disposition of any surplus or net profits over and above the capital stock paid in: and in its discretion the board of directors may use and apply any such surplus or accumulated profits...
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A History of the Northern Securities Case

Balthasar Henry Meyer - 1906 - 152 pages
...the declaration and the payment of dividends ; and to direct and to determine the use and dispositon of any surplus or net profits over and above the capital stock paid in; and in its discretion the board of directors may use and apply any such surplus or accumulated profits...
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A History of the Northern Securities Case

Balthasar Henry Meyer - 1906 - 148 pages
...the declaration and the payment of dividends ; and to direct and to determine the use and dispositon of any surplus or net profits over and above the capital stock paid in ; and in its discretion the board of directors may use and apply any such surplus or accumulated profits...
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A Treatise on the Incorporation and Organization of Corporations: Created ...

Thomas Gold Frost - Corporation law - 1906 - 736 pages
...the amount of the working capital of the Company; and to direct and determine the use and disposition of any surplus or net profits over and above the capital stock paid in ; and in its discretion the Board of Directors may use and apply any such surplus or accumulated profits...
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Modern Business Corporations, Including the Organization and Management of ...

William Allen Wood - Corporation law - 1906 - 382 pages
...the amount of the working capital of the company; and to direct and determine the use and disposition of any surplus or net profits over and above the capital stock paid in; and in its discretion the board of directors may use and apply any such surplus or accumulated profits...
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