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" Nothing but money shall be considered as, payment of any part of the capital stock... "
Service Monographs of the United States Government - Page 57
1926
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Acts of the General Assembly of the State of New Jersey

New Jersey - 1874 - 1412 pages
...enacted, That no note or obligation, given by any stockholder, whether secured by any pledge or otherwise, shall be considered as payment of any part of the capital stock; and no loan of money shall be made to a stockholder therein; and if any such loan is made to a stockholder,...
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Laws of the State of New York, Volume 2

New York (State) - 1867 - 1404 pages
...estate, and shall be transferable in such manner as the by-laws shall prescribe. Money only g 4, Nothing but money shall be considered as payment of any part of the capital stock, except that the directors of said company may purchase lands, docks, water rights, lands under water with their...
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Reports of Cases Decided in the Court of Chancery of the State of ..., Volume 62

New Jersey. Court of Chancery - 1902 - 894 pages
...by sections 48 and 49 of our Corporation act. PL of 1896 p. 277. They run as follows : "48. Nothing but money shall be considered as payment of any part of the capital stock of any corporation organized under this act, except as hereinafter provided in case of the purchase...
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The General Laws, from the Adoption of the Constitution, [1780] to ..., Volume 3

Massachusetts - 1832 - 946 pages
...given by any stockholder, whether secured by a pledge, of the stock in such corporation, or otherwise, shall be considered as payment of any part of the capital stock, until such notes or obligations shall have been actually paid ; and no loan of money shall be made...
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Acts of the General Assembly of the State of New Jersey

New Jersey - 1842 - 1396 pages
...obligation given by No loan to be any stockholder, whether secured by any pledge or otherwise, {JJJj Btock" shall be considered as payment of any part of the capital stock ; and no loan of money shall be made to a stockholder therein; and if any such loan shall be made to...
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Journal of the Proceedings of the Legislative-Council of the State of New-Jersey

New Jersey. Legislature. Legislative Council - 1842 - 430 pages
...stockholder of said company, whether secured by a pledge of the stock in said company or otherwise, shall be considered as payment of any part of the capital stock, until such note or obligations »hall have been actually paid. The yeas and nays being required to...
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Laws Enacted in the General Assembly of the Commonwealth of Pennsylvania ...

Pennsylvania. Laws, statutes, etc - 1844 - 690 pages
...obligation given by any stockholder, whether secured by a pledge of the stock in said company, or otherwise, shall be considered as payment of any part of the capital stock, until such notes or obligations shall have been actually paid ; and no loan of money shall be made...
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Acts of the General Assembly of South-Carolina

South Carolina - 1846 - 60 pages
...given by any stockholder, whether secured by a pledge of the stock in such corporation or otherwise, shall be considered as payment of any part of the capital stock, until such notes or obligations shall have been actually paid. rfiock how V. That the capital stock...
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Acts of the General Assembly of the State of New Jersey

New Jersey - 1847 - 954 pages
...That no note or obligation given . by any stockholder, whether secured by any pledge or otherwise, shall be considered as payment of any part of the capital stock; and no loan of money shall be made to a stockholder therein ; and if any such loan shall be made to...
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The Western Journal, of Agriculture, Manufactures, Mechanic Arts ..., Volume 1

1848 - 718 pages
...company and with the clerk of the county, they shall be exempt from the said liability. SEC. 14. Nothing but money shall be considered as payment of any part of the capital stock, anfl no loan of money shall be made by any such company to any stockholder therein ; and if any such...
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