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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 the capital stock... "
Extention of Tenure of Government Control of Railroads: Hearings...Wash. 1919 - Page 762
by United States. Congress. Senate. Interstate Commerce Committee - 1919
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Insurance Law of Kentucky: All Statutes in Full, All Decisions of Appellate ...

William Warwick Thum, Fred P. Caldwell - Insurance - 1905 - 976 pages
...568, Ky. Stats. Stock or bonds may riot be issued except for value. No corporation shall issue stock or bonds except for an equivalent in money paid or...labor nor property shall be received in payment of stock or bonds at a greater value than the market price at the time said labor was done or property...
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Speeches and State Papers of James Stephen Hogg, Ex-governor of Texas: With ...

James Stephen Hogg - Governors - 1905 - 470 pages
...by providing that, "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 organized; nor shall it issue any shares of stock in said company except at its par value and to actual...
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Blue Book of the State of Illinois

Illinois. Office of Secretary of State - Illinois - 1906 - 732 pages
...this State. (! 1:1. 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 or indebtedness of any such corporations,...
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Special Report of the Railroad and Warehouse Commission ... in the Matter of ...

Illinois. Railroad and Warehouse Commission - Railroads - 1906 - 414 pages
...providing that — "No railroad corporation shall issue any stocks 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 increases of the capital stock or indebtedness of such corporation...
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A Treatise on the Incorporation and Organization of Corporations: Created ...

Thomas Gold Frost - Corporation law - 1906 - 736 pages
...Laws of 1904, chap. 105). 10. Payment of Capital Stock. — Stock can be issued only for money paid, labor done, or property actually received and applied to the purposes for 298 which the corporation was created. No labor nor property shall be received in payment of stock...
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Laws Relating to Railroads and Warehouses: Parts of Statutes Concerning ...

Illinois - Railroad law - 1907 - 180 pages
...art. u, § 10. 22. §21. No such corporation shall issue any stock or bond, except for money, labor or property actually received and applied to the purposes for which such corporation was organized. All stock dividends, and other fictitious increase of capital stock or indebtedness of any...
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The Federal and State Constitutions: Colonial Charters, and Other ..., Volume 3

Francis Newton Thorpe - Charters - 1909 - 680 pages
...longer period than five years, under penalty of escheat. SEC. 193. No corporation shall issue stock or bonds except for an equivalent in money paid or...labor nor property shall be received in payment of stock or bonds at a greater value than the market price at the time said labor was done or property...
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The Federal and State Constitutions, Colonial Charters, and Other ..., Volume 3

Francis Newton Thorpe - Charters - 1909 - 678 pages
...longer period than five years, under penalty 'if escheat. SEC. 19.3. No corporation shall issue stock or bonds except for an equivalent in money paid or...the purposes for which such corporation was created, imd neither labor nor property shall be received in payment of stock or bonds at a greater value than...
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Select Cases and Other Authorities on the Law of Private Corporations

Edward Henry Warren - Corporation law - 1909 - 736 pages
...as follows : — " 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 the capital stock, or indebtedness of any such...
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The Federal and State Constitutions, Colonial Charters, and Other ..., Volume 2

Francis Newton Thorpe - Charters - 1909 - 630 pages
...this State. :; 18. 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 or indebtedness of any such corporation,...
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