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" The stock and indebtedness of corporations shall not be increased except in pursuance of general law, nor without the consent of the persons holding the larger amount in value of the stock first obtained at a meeting to be held after sixty days' notice... "
Lawyers' Reports Annotated - Página 161
1891
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Report of the ... Annual Meeting of the American Bar Association, Volume 7

American Bar Association - 1884 - 346 páginas
...further strengthened in its bearing upon an increase of the capital stock by its concluding words, "and all fictitious increase of stock or indebtedness shall be void." The first part of the clause, by its terms, defines the considerations for which alone a valid issue of...
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The Little Lawyer; Or, The Farmers', Mechanics', Miners', Laborers', and ...

Henry A. Gaston - 1880 - 336 páginas
...privileges. SEC. 11. No corporation shall issue stock or bonds, except for money paid, labor done, or property actually received, and all fictitious...stock or indebtedness shall be void. The stock and bonded indebtedness of corporations shall not be increased except in pursuance of general law, nor...
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The Federal Reporter: Cases Argued and Determined in the ..., Volumes 21-22

1884 - 1902 páginas
...of Pennsylvania provides that "no corporation shall issue stocks or bonds except for money, lalior done, or money or property actually received ; and...increase of stock or indebtedness shall be void." An incorporated railroad company of that stale entered into a construction contract whereby the contractor...
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Debates and Proceedings of the Constitutional Convention of the ..., Volume 1

California, California. Constitutional Convention - 1880 - 648 páginas
...legitimate business. SKC. 6. 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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How to Manage Building Associations: A Director's Guide and Secretary's ...

Edmund Wrigley - 1880 - 252 páginas
...according to the fact. No such corporation shall issue either bonds or stock except for money, labor done, or money or property actually received, 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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The Federal Reporter, Volume 44

1891 - 980 páginas
...constitution of the state, which provides: "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 indebtednc-ss shall be void. The stock and indebtedness of corporations shall not be increased, except...
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The Federal Reporter: Cases Argued and Determined in the ..., Volumes 167-168

1909 - 2094 páginas
...bindjug on the company, that "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 he void," the proposed new stock and bonds issued for such exchange not being either fictitious nor...
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The Federal Reporter: Cases Argued and Determined in the ..., Volumes 95-96

1899 - 2058 páginas
...corporation shall issue stock or bonds, except for money or property actually received, or labor done; and all fictitious increase of stock or indebtedness shall be void." The court held that this provision ''did not necessarily indicate a purpose to make the validity of every...
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The Federal Reporter, Volume 122

1908 - 1118 páginas
...issued by any corporation save for labor done or money or property actually received or subscribed; and all fictitious increase of stock or indebtedness shall be void." The section assumes that a corporation may for lawful purposes and in a lawful way issue bonds. It is besides...
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Smull's Legislative Hand Book and Manual of the State of Pennsylvania

1881 - 814 páginas
...its legitimate business. SECT. 7. Ko corporation shall issue stocks or bonds except for money, labor done, or money or property actually received ; and...indebtedness of corporations shall not be increased except ¡11 pursuance of general law, nor without the consent of the persons holding the larger amount in...
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