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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... "
The American and English Railroad Cases: A Collection of All the Railroad ... - Side 638
redigert av - 1882
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Reports of Cases at Law and in Chancery Argued and Determined in ..., Volum 263

Illinois. Supreme Court - 1914 - 714 sider
...information then sets out section 13 of article 11 of the constitution of Illinois, which reads as follows: "No railroad corporation shall issue any stock or...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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Reports of Cases at Law and in Chancery Argued and Determined in ..., Volum 269

Illinois. Supreme Court - 1916 - 710 sider
...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, Volum 18

United States. Supreme Court - 1874 - 726 sider
...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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Albany Law Journal, Volum 4

1871 - 396 sider
...for the transportation of passengers and freight on the different railroads in this State." § 13. " No railroad corporation shall issue any stock or bonds,...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 Constitution of the State of Illinois: As Adopted in Convention, May 13 ...

Illinois, Illinois. Constitutional Convention - 1870 - 64 sider
...charges for the transportation of passengers and freight on the different railroads in this State. § 13. No railroad corporation shall issue any stock or bonds,...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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Journal of the Constitutional Convention, of the State of Illinois: Convened ...

Illinois. Constitutional Convention - 1870 - 1074 sider
...penalties, and may provide for a forfeiture of their p"' perty and franchises. § 5. No railroad or other corporation shall issue any stock or bonds, except...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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New Outlook, Volum 85

1907 - 1184 sider
...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, Volum 62

William B. Dana - 1870 - 494 sider
...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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Chapters of Erie: And Other Essays

Charles Francis Adams, Henry Adams - 1871 - 434 sider
...for the transportation of passengers and freight on the different railroads in this State." § 13. "No railroad corporation shall issue any stock or...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 New Constitution of the State of Illinois: Ratified by the People, July ...

Illinois - 1870 - 50 sider
...charges for the transportation of passengers and freight on the different railroads in this State. § 13. No railroad corporation shall issue any stock or bonds,...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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