...make any dividend except from the surplus profits arising from the business of the corporation, nor to `9 tbe capital stock of the company, nor to reduce the capital stock, unless in the manner prescribed...

...except from the net profits arising from the business of the corporation ; nor to divide, withdraw, nor in any way pay to the stockholders, or any of them, any part of the capital stock of the company ; nor to reduce the capital stock, unless in the manner prescribed in this Act...

...reduce the said capital stock, except according to this act, without the consent of the legislature; and in case of any violation of the provisions of this...directors under whose administration the same may happen, shall, In their Individual and private capacities, Jointly and severally be liable at any timo...

...from the surplus, or net profits arising from Its business, "but otherwise the corporation shall not divide, withdraw or in any way pay to the stockholders, or any of them, any part of Its capital stock, or reduce its capital stock." By this section the division of the actual capital,...

...certain when we read the provisions of section 28 of the Stock Corporation Law, which provides that: "The directors of a stock corporation shall not make...reduce Its capital stock, except as authorized by law. * * * But this section shall not prevent a division and distribution of the assets of any such corporation...

...such contract was ever attempted on the part of the corporation. [2] The section cited provides that "directors of a stock corporation shall not make dividends,...reduce its capital stock, except as authorized by law" ; and no law of this state can be found which authorizes the purchase of its own capital stock by a...

...Corporation Law, 5 23 (Laws 1800. p. 1071. c. 564, as amended by Laws 1901, p. 065. e. 354). providing that the directors of a stock corporation shall not make...from the surplus profits arising from the business of the corporation. Certiorari by the people, on the relation of the North American Trust Company, against...

...incorporated. Section 3543 of the Compiled Laws provides: "It shall uot be lawful for the directors to divide, withdraw, or in any way pay to the stockholders, or any of them, any part of the capital stock, nor to reduce the amount of the same." Other provisions of the laws upon the subject of corporations...

...the surplus profits arising from the business of the corporation," and it shall not be lawful " to divide, withdraw, or in any way pay to the stockholders, or any of them, any part of the capital stock of the company," except after payment of all its debts, on a dissolution of the corporation....

...corporation shall make dividends, except from the surplus or net profits arising from its business, nor divide, withdraw or in any way pay to the stockholders, or any of them, any part of its capital stock, or reduce its capital stock, except according to this act, and in case of any violation...