 | New York (State). Board of Railroad Commissioners - Railroads - 1895 - 682 pages
...shall be received or taken without such payment. § 42. Consideration for issue of stock and bonds. — No corporation shall issue either stock or bonds except...stock shall be issued for less than its par value. No such bonds shall be issued for less than the fair market value thereof. § 43. Time of payment of... | |
 | New York (State). Board of Railroad Commissioners - Railroads - 1907 - 796 pages
...shall be received or taken without such payment. Consideration for issue of stock and bonds. § 42. No corporation shall issue either stock or bonds except...for the use and lawful purposes of such corporation. Any corporation may purchase any property authorized by its certificate of incorporation, or necessary... | |
 | New York (State) - Session laws - 1875 - 966 pages
...bondholder. Fictitious § 14. No corporation organized under this act shall issue either stock orstock! or bonds except for money, labor done, or property actually received for the use and legitimate purposes of such corporation at its fair value, and all fictitious increase of stock or... | |
 | Law reports, digests, etc - 1905 - 1124 pages
...under which the WK Niver Coal Company is organized, it is provided that no corporation shall issue stock or bonds except for money, labor done, or property actually received; that all fictitious increase of stock or indebtedness over and above the honest valuation of the property... | |
 | New York (State) - Law - 1882 - 1278 pages
...damage caused by such over-issue to such bondholder. § 14. No corporation organized under this act shall issue either stock or bonds except for money,...done, or property actually received for the use and legitimate purposes of such corporation at its fair value, and all fictitious increase of stock or... | |
 | Law reports, digests, etc - 1887 - 972 pages
...Constitution of the State of Pennsylvania in article 16, section 7, provides that ' no corporation shall issue stock or bonds except for money, labor done or property actually received, and all fictitious increase of stock or indebtedness shall be void. The stock and indebtedness of corporations... | |
 | Law reports, digests, etc - 1911 - 1320 pages
...the requirements of said section 42 of the former stock corporation law, which provided as follows : "No corporation shall issue either stock or bonds...for the use and lawful purposes of such corporation. Any corporation may purchase any property authorized by Its certificate of Incorporation, or necessary... | |
 | Law reports, digests, etc - 1909 - 1286 pages
...It is true that section 42 of the Stock Corporation Law (Laws 1892, p. 1835, c. 688) provides that no corporation shall issue either stock or bonds,...property actually received for the use and lawful purpose of such corporation ; but nothing in the act contained declares that the stock itself is void... | |
 | Law reports, digests, etc - 1918 - 1258 pages
...SERVICES—COMPENSATION. In view of Stock Corporation Law (Cousol. Laws, c, 59) | 55, providing that no corporation shall issue either stock or bonds,...money, labor done, or property actually received, an agreement between sole incorporators, made prior to organization, whereby each was to receive stock... | |
 | Law reports, digests, etc - 1907 - 1210 pages
...Corporation Law, § 42, Laws, 1892, p. 1835. c. 688, which provides that no corporation shall issue stock except for money, labor done, or property actually received for the use and lawful purposes of the' corporation. I have not overlooked the claim advanced by the defendants, that other directors... | |
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No corporation shall issue either stock or bonds except for money, labor done or property actually received for the use and lawful purposes of such corporation. 
