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" 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. "
Documents Accompanying the Journal - Page 55
by Michigan. Legislature. Senate - 1874
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Acts of the General Assembly of the State of Alabama, Volume 1

Alabama - Law - 1903 - 658 pages
...heretofore authorized by this article. Neither stock nor bond shall be issued by any private corporation except for money, labor done, or money or property...actually received, and all fictitious increase of stock nr indebtedness shall be void. Approved March 20, 11)03. No. 116.) AN ACT (S. 135. Authorizing railroad...
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Reports of Cases Argued and Determined in the Supreme Court of ..., Volume 116

Alabama. Supreme Court - Law reports, digests, etc - 1898 - 878 pages
...provides that: "No corporation shall issue stock or bonds except for money, labor done, or money er property actually received and all fictitious increase of stock or indebtedness shall, be void."— Const., Art. XIV, § 6. 5. If the bonds when delivered to complainants could not be enforced in their...
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Albany Law Journal, Volume 31

Law - 1885 - 544 pages
...EQUITABLE INTERFERENCE.— The Constitution of the State of Pennsylvania provides that ' ' no corporation shall issue stocks or bonds except for money, labor...increase of stock or indebtedness shall be void." An incorporated railroad company of that State entered into a construction contract whereby the contractor...
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Journal of the Convention to Amend the Constitution of Pensylvania ..., Part 2

Pennsylvania. Constitutional Convention - Constitutional conventions - 1873 - 746 pages
...stock or Iwnds, except for money, labor or property actually received, and all stock dividends and fictitious increase of stock or indebtedness shall...be void. The stock and indebtedness of corporations engaged in the business of common carriers or transporters shall not be increased, except in pursuance...
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A Hand-book of Politics for 1874: Being a Record of Important Political ...

Edward McPherson - United States - 1874 - 268 pages
...for its legitimate business. No corporation shall issue stocks or bonds except for money, labor done, or property actually received; and all fictitious...of stock or indebtedness shall be void. The stock of corporations shall not be increased, except in pursuance of general law, nor without the consent...
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A Handbook of Politics for 1868 [to 1894]

Edward McPherson - United States - 1872
...for its legitimate business. No corporation shall issue stocks or bonds except for money, labor done, or property actually received; and all fictitious...of stock or indebtedness shall be void. The stock of corporations shall not be increased, except in pursuance of general law, nor without the consent...
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Weekly Notes of Cases Argued and Determined in the Supreme Court ..., Volume 38

Law reports, digests, etc - 1896 - 644 pages
...of JH Cheetham and Henry Landis fr>r tnanrlamns Hirprted to the attorney- general. "No corporation shall issue stocks or bonds except for money, labor...increase of stock or indebtedness shall be void." The Act of May 7, 1887, PL 94, is entitled, ' 'An Act to enforce against railroads and corporations the...
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Smull's Legislative Hand Book: Rules and Decisions ... Legislative Directory

Pennsylvania - 1875 - 724 pages
...estate except such as may be necessary and proper for its legitimate business. SECT. 7. Xo corporation shall issue stocks or bonds except for money, labor done, or money or property actually received ; anil all fictitious increase of stock or indebtedness shall be void. The stock and indebtedness of...
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A Handbook of Politics for 1868 [to 1894]

Edward McPherson - United States - 1872
...or used for the support of any sectarian or denominational school. No corporation shall issue stock or bonds, except for money, labor done, or money or...stock or indebtedness shall be void. The stock and bonded indebtedness of corporations shall not be increased, except in pursuance of general laws, nor...
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Laws Enacted in the General Assembly of the Commonwealth of Pennsylvania ...

Pennsylvania. Laws, statutes, etc - Law - 1876 - 288 pages
...faithful application of the stock received therefor; no such corporation shall issue either bonds or stock except for money, labor done or money or property...and all fictitious increase of stock or indebtedness in any form shall be void; every such corporation may provide for the issue of deferred stock in payment...
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