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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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The Northeastern Reporter, Volume 105

1914 - 1130 halaman
...I'ROVISIONS. While, under Const, art. 11, § 13, declaring that no railroad corporation shall issTie any stock or bonds except for money, labor, or property actually received, and that all stock dividends and other fictitious increases of capital stock shall be void, a railroad...
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Laws, Joint Resolutions, and Memorials, Passed at the ... Session of the ...

Nebraska - 1885 - 498 halaman
...this state. The liability of railroad corporations as common carriers shall never be limited. SEC. 5. No railroad corporation shall issue] any stock or bonds, except for money, bondslabor, or property actually received and applied to the purposes for which such corporation was...
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A Treatise on the Law of Private Corporations, Volume 2

Victor Morawetz - 1886 - 642 halaman
...Shares and Securities. — By the Constitution and Revised Statutes of Illinois, it was provided that " no railroad corporation shall issue any stock or bonds...purposes for which such corporation was created ; and all stocks, dividends, and other fictitious increase of the capital stock or indebtedness of any such corporation,...
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Constitution of the State of Illinois

Illinois - 1887 - 68 halaman
...shall be free to all persons for the transportation of their persons and property thereon, under such regulations as may be prescribed by law. And the general...stock dividends, and other fictitious increase of capital stock or indebtedness of any such corporation, shall be void. The capital stock of no railroad...
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The Southwestern Reporter, Volume 149

1912 - 1344 halaman
...association, together with the value of each item taken; that the laws of Illinois provided that no corporation shall issue any stock or 'bonds, except...labor, or property actually received and applied to the purpose for which such corporation was organized; and that all stock dividends and other fictitious...
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Report

Railroad and Warehouse Commission of the State of Minnesota - 1887 - 662 halaman
...pledged, and the shares for which such certificates are to be issued, shall have been fully paid, nor issue any stock or bonds except for money, labor or property actually received and applied to the purpose for which such corporation was created, and all fictitious stock, dividends, and other fictitious...
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The Southwestern Reporter, Volume 209

1919 - 1124 halaman
...that no corporation shall Issue stock or bonds, except for an equivalent in money paid or labor done, or property actually received and applied to the purposes for which .such corporation was created, and neither labor nor property shall be received in payment of stock or bonds at a greater value than the...
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Laws, Joint Resolutions, and Memorials, Passed at the ... Session of the ...

Nebraska - 1887 - 848 halaman
...this state. The liability of railroad corporations as common carriers shall never be limited. SEC. 5. No railroad corporation shall issue any stock or bonds, except for money, labor, or prop- bond6" erty actually received and applied to the purposes for which such corporation was created,...
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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 - 1889 - 768 halaman
...pledged, and the shares for which such certificates are to be issued, shall have been fully paid ; nor issue any stock or bonds except for money, labor, or property actually received, and applied to the purpose for which such corporation was created ; and all fictitious stock dividends and other fictitious...
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Annual Report

Railroad and Warehouse Commission of the State of Minnesota - 1890 - 680 halaman
...prohibits the issuance of any stock until the same has been fully paid. It also prohibits the issuance of any stock or bonds except for money, labor or property actually received and applied to the purpose for which such corporation was created; it also declares that all fictitious stock, dividends...
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