...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...

...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...

...unwarranted, for the first clause of the section hereinbefore cited provides that " no corporation shall issue stocks or bonds except for money, labor done, or money or other property actually received." Further: It is provided, "that it shall be lawful * * * * for any...

...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...

...it, the appellant invokes article 16, § 7, of the Constitution which declares that "no corporation shall issue stocks or bonds except for money, labor...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...

...must be pursued. In section 7 of article 16 of the Constitution it Is declared that "no corporation E O z )d [ R" ) This section is not self-executing, and, to give it effect, the act of May 7, 1887 (PL 94), was passed....

...general creditors appeal. Const. Pa. art. 16, § 7, provides "that no corporation shall issue stock or bonds, except for money, labor done, or money or...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,...

...Stock and bonds. SEO. 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...

...estate except such as may be necessary and proper for its legitimate business. SEC. 7. No corporation shall issue stocks or bonds except for money, labor...The stock and indebtedness of corporations shall not l>e increased except in pursuance of general law, nor without the consent of the persons holding the...

...Statutory Provisions! — 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." The act of Assembly of April 4, 1868, limited the amount of a railroad company's construction mortgage...