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" 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... "
The Government and the Railroad Corporations - Halaman 24
oleh Charles Francis Adams - 1871 - 33 halaman
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Reports of Cases at Law and in Chancery Argued and Determined in ..., Volume 269

Illinois. Supreme Court - 1916
...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...
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Cases Argued and Adjudged in the Supreme Court of the United States, Volume 18

United States. Supreme Court - 1874
...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...
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Journal of the Constitutional Convention, of the State of Illinois: Convened ...

Illinois. Constitutional Convention - 1870 - 1022 halaman
...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...
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New Outlook, Volume 85

Alfred Emanuel Smith, Francis Walton - 1907
...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...
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The Merchants' Magazine and Commercial Review, Volume 62

William Buck Dana - 1870
...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...
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The American Annual Cyclopędia and Register of Important Events ...

1871
...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...
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The American Annual Cyclopedia and Register of ..., Volume 10;Volume 1870

1871
...charges for the transportation of passengers and freight on tho different railroads in this State. SEO. 13. No railroad corporation shall issue any stock...actually received and applied to the purposes for whim such corporation was created ; and all stock dividends, and other fictitious increase of the capital...
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Laws

Illinois - 1872
...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...
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Debates of the Convention to Amend the Constitution of ..., Volume 3

Pennsylvania. Constitutional Convention - 1873
...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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DEBATES OF THE CONVENTION TO AMEND THE CONSTITUTION OF PENNSYLVANIA

1873
...notice, given of at least sixty days, to all stockholders in such manner as may be provided by law. No railroad corporation shall issue any stock or bonds...property actually received and applied to the purposes /or which such corporation was created, and all stock dividends and other fictitious increase of .the...
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