...consideration, reads as follows : "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." We shall refer to this provision again later. If we keep in mind all of our own constitutional and...

...Texas, which provides : " 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." But if this section be in any way applicable and could be regarded as invalidating so much of the contract...

...provision is substantially as follows: "No corporation ehall issue stock or bonds, except for labor done, or money or property actually received, and all fictitious increase of In the states having this provision, or the same In effect, stock issued in violation thereof is uniformly...

...of Pennsylvania provides that " no corporation shall issue stocks or bonds except for money, labor done, or money or property actually received ; and...increase of stock or indebtedness shall be void." An incorporated railroad company of that State entered into a construction contract whereby the contractor...

...clause of section 7 of Article XVI of the Constitution whose inhibition is contained in these words: "The stock and indebtedness of corporations shall not be increased except in pursuance of the general law, nor without the consent of the persons holding the larger amount in value of the stock...

...privileges. SKC. 11. No corporation shall issue stock or bonds, except for money paid, labor done, or roperty actually received, and all fictitious increase of stock or indebtedness shall be void. he stock and bonded indebtedness of corporations shall not be increased except in pursuance nf general...

...corporation shall issue stocks or bonds except for money or property actually received, or labor done ; and all fictitious increase of stock or indebtedness shall be void. The capital stock of corporations may be increased by giving at least sixty days public notice pursuant...

...Constitution which declares that "no corporation shall issue stocks or bonds except for money, labor done, or money or property actually received; and...increase of stock or Indebtedness shall be void," The seventeenth section of the act of April 29, 1874 (PL 81), provides that full-paid stock may be issued...

...Constitution it Is declared that "no corporation shall issue stocks or bonds except for money, labor A HU #ޠ _ o m @ lU # r)XUa5m c N R u<)? xm v_k 6, = 9f 8P B 1@ 0 k pk dk (, Ԝ j < j y This section is not self-executing, and, to give it effect, the act of May 7, 1887 (PL 94), was passed....

...Pa. art. 16, § 7, provides "that no corporation shall issue stock or bonds, except for money, labor done, or money or property actually received, and...increase of stock or indebtedness shall be void." J. Ross Thompson and John P. Vincent, for appellants. Geo. Shiras, Jr., AF Henlein, and Johns McCIeave,...