 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...  Reports of Cases Determined in the Appellate Courts of Illinois - Page 486by Illinois. Appellate Court, Martin L. Newell, Mason Harder Newell, Walter Clyde Jones, Keene Harwood Addington, James Christopher Cahill, Basil Jones, James Max Henderson, Ray Smith - 1900Full view - About this book
 | Illinois. Supreme Court - 1914 - 714 pages
...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 corporation,... | |
 | Illinois. Supreme Court - 1916 - 710 pages
...device conceived with the fraudulent intent to evade the constitutional and statutory requirements that no railroad corporation shall issue any stock...labor or property actually received and applied to the purpose for which such corporation was organized, and that all dividends and other fictitious increase... | |
 | United States. Supreme Court - 1874 - 726 pages
...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... | |
 | 1871 - 396 pages
...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 corporation... | |
 | Illinois, Illinois. Constitutional Convention - 1870 - 64 pages
...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 corporation,... | |
 | Illinois. Constitutional Convention - 1870 - 1074 pages
...penalties, and may provide for a forfeiture of their p"' perty and franchises. § 5. No railroad or other n any house without the consent of the owner ; nor...have the right to assemble together in a peaceabl stock dividends and other fictitious increase of the capital stock or indebtedness of any such corporation,... | |
 | 1907 - 1184 pages
...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... | |
 | William B. Dana - 1870 - 494 pages
...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... | |
 | Charles Francis Adams, Henry Adams - 1871 - 446 pages
...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 corporation... | |
 | 1871 - 494 pages
...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 corporation... | |
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