 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.  Cases on Private Corporations - Side 627av George Folger Canfield - 1913 - 985 siderUten tilgangsbegrensning - Om denne boken
 | California - 1893 - 1302 sider
...359. WJien stock or bond* may itsue. No corporation shall issue stock or ImmU except for money i>aiil, labor done, or property actually received, and all fictitious increase of stock or indebtedness is void. stock, create or increase its bonded indebtedness, subject to the following provisions: —... | |
 | Texas - 1893 - 284 sider
...of its provisions. SEC. 14. Whereas, the Constitution declares that no corporation shall issue stock or bonds except for money paid, labor done, or property actually received, and that all fictitious increase of stock or indebtedness shall be void; and, Whereas, the laws are now... | |
 | New York (State). Constitutional Convention, George A. Glynn - 1894 - 1120 sider
...to amendment, modification, or repeal by the Legislature. Sec. G. No corporation shall issue stock or bonds except for money paid, labor done, or property...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... | |
 | Abraham Clark Freeman - 1894 - 1028 sider
...this suit? Under the constitution and laws of this state no corporation has the power " to issue stock or bonds except for money paid, labor done, or property...fictitious increase of stock or indebtedness shall be void" (Cou•titution of Missouri, sec. 8, art. 7; Rev. Stats., 1889, sec. 2499) ; and five per cent at least... | |
 | California Board of Commissioners of the Building and Loan Associations - 1894 - 392 sider
...(Section 358, Civil Code.) 60. Increasing and Diminishing Capital Stock. No corporation shall issue stock or bonds except for money paid, labor done, or property...and all fictitious increase of stock or indebtedness is void. Every corporation may increase or diminish its capital stock, create or increase its bonded... | |
 | New York (State). Constitutional Convention, George A. Glynn - 1894 - 1518 sider
...of such franchise, or any of ila privileges. Sec. 11. No corporation shall issue stock or bo, ids, risdiction to determine all controversies upon relation...behalf of the people, concerning the rights, duti Le void. The stf-.-k and bonded indebtedness of corporations, shall not be increased, except in pursuance... | |
 | Texas Bar Association - 1916 - 428 sider
...Appeal have held such notes void under this Article 12, Section 8, of our constitution, which reads : "No corporation shall issue stocks or bonds except...increase of stock or indebtedness shall be void." However, in Cattlemen's Trust Company of Fort Worth vs. Turner ( 182 SW 439) is presented and decided... | |
 | Texas Bar Association - 1893 - 116 sider
...Constitution on the subject. See section 6, article 12, which provides "that no corporation shall issue stock or bonds, except for money paid, labor done, or property...increase of stock or indebtedness shall be void." The legislation on this subject, if madfe effective, will no doubt produce a radical change in railroad... | |
 | Texas Bar Association - 1900 - 246 sider
...protection of the public and individual stockholders, and that (Sec. 6) "no corporation shall issue stock or bonds except for money paid, labor done, or property...increase of stock or indebtedness shall be void." And thus stands the organic law today. III. THE GENERAL INCORPORATION LAW. The first Legislature under... | |
 | California. District Courts of Appeal - 1918 - 920 sider
...case of subscriptions for stock. In the latter case the law provides (sec. 369, Civ. CodeI as follows: "No corporation shall issue stocks or bonds except...money paid, labor done or property actually received." A promissory note is property and, therefore, it is included within said provisions. This circumstance... | |
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