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" No corporation shall issue stock or bonds, except for money paid, labor done, or property actually received, and all fictitious increase of stock or indebtedness shall be void. "
The Federal Reporter - Halaman 344
1926
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The American and English Railroad Cases: A Collection of All the Railroad ...

Lawrence Lewis, Adelbert Hamilton, John Houston Merrill, William Mark McKinney, James Manford Kerr, John Crawford Thomson - 1887 - 736 halaman
...Pennsylvania 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." The act of Assembly of April 4, 1868, limited the amount of a railroad company's construction mortgage...
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The Southwestern Reporter, Volume 106

1908 - 1366 halaman
...substantially as therein pleaded. While it is true that our Constitution prohibits a corporation from Issuing stock or bonds, except for money paid, labor done, or property actually received, and declares void all fictitious increase of stock or indebtedness, we are of opinion that the finding...
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A New History of Texas for Schools: Also for General Reading and for ...

Mrs. Percy V. Pennybacker - 1888 - 266 halaman
...wharfage shall at all times be subject to amendment, modification, or repeal by the Legislature. SEC. 6. No corporation shall issue stock or bonds except for...fictitious increase of stock or indebtedness shall be void. SEC. 7. Nothing in this Article shall be construed to divest or affect rights guaranteed by any existing...
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Interstate Commerce Commission Reports: Reports and Decisions of the ...

United States. Interstate Commerce Commission - 1940 - 1298 halaman
...State of the debtor's incorporation, the State of Missouri, as offending that provision thereof that no corporation shall issue stock or bonds, except...or property actually received, and all fictitious increases of stock or indebtedness shall be void. It is not shown that any of the pledged bonds, the...
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The American Commonwealth, Volume 2

James Bryce Bryce (Viscount) - 1888 - 746 halaman
...of its privileges. SEC. 11. No corporation shall issue stock or bonds, except for money paid, labour done, or property actually received, and all fictitious increase of stock or indebtedness shall be void. The stock and bonded indebtedness of corporations shall not be increased except in pursuance of general...
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The Pacific Reporter, Volume 17

1888 - 972 halaman
...16 NW Rep. 130. Although the California constitution provides that no corporation shall issue stock, except for money paid, labor done, or property actually received, and all fictitious increase of stock shall be void, an increase of the capital stock of a company, and salo of such stock at the actual...
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Journal of the Constitutional Convention for North Dakota: Held at Bismarck ...

North Dakota. Constitutional Convention - 1889 - 464 halaman
...brrsiness. SEC. 8. 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...
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Constitution of the State of Montana: As Adopted by the Constituitonal ...

Montana - 1889 - 84 halaman
...No corporation shall issue stocks or bonds, except for labor done, services performed, or money and 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...
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Lawyers' Reports Annotated, Buku 6

1890 - 950 halaman
...which provides that " no corporation shall issue stock 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 plaintiff's own testimony shows that he had subscribed originally for $2,500 of stock in said company....
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To-day, Volume 2

J. Morrison-Fuller, Walter C. Rose - 1890 - 528 halaman
...shares or certificates of stock, bonds, or evidences of debt of any kind except for labor done or money or property actually received, and all fictitious increase of stock or indebtedness shall be void. Directors or trustees are prohibited from diverting property or assets to objects other than specified...
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