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" ... of any surplus or net profits over and above the capital stock paid in; and in its discretion the board of directors may use and apply any such surplus or accumulated profits in purchasing or acquiring its bonds or other obligations, or shares of... "
Modern Business Corporations, Including the Organization and Management of ... - 212. lappuse
autors: William Allen Wood - 1906 - 11 lapas
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Reports of Cases Decided in the Court of Chancery of the State ..., 63. sējums

New Jersey. Court of Chancery - 1903 - 930 lapas
...purchasing or acquiring its bonds or other obligations, or shares of its own capital stock, to such extent and in such manner and upon such terms as the...retired for the purpose of decreasing the company's capital stock, as provided by law." By-laws, section 1 and section 9, relating to contracts in which...
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Wisconsin Session Laws

Wisconsin - 1855 - 632 lapas
...may open books . of subscription to the capital stock, and receive subscriptions thereto at such time and in such manner and upon such terms as the board of directors shall determine, by resolution or otherwise. SEC. 6. This act shall take effect and be in force from, and...
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Private Laws of the Territory of Kansas

Kansas - 1858 - 404 lapas
...open books for subscription to the capital stock, and receive subscriptions thereto, at such tin e and in such manner, and upon such terms, as the board of directors shall determine by resolution or otherwise. This Act shall take effect and be in force from and after its...
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The Constitution of South Carolina: Adopted April 16, 1868, and the Acts and ...

South Carolina - 1868 - 942 lapas
...the addition of new shares of one hundred (10U) dollars each, duly subscribed for, and paid in, in such manner, and upon such terms as the Board of Directors shall prescribe : Provided, That such increase shall have been first authorized by the votes of a majority...
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General Acts and Resolutions Adopted by the Legislature of Florida

Florida - 1872 - 132 lapas
...dollars by the addition of new shares of one hundred dollars each, duly subscribed for and paid in in such manner and upon such terms as the board of directors shall prescribe : Provided, That such increase shall By-laws. Seal. 3iook ol minutes. Certiticate of »tock....
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The Supreme Court Reporter, 22. sējums

1902 - 988 lapas
...such extent and in euch manner and upon such terme aa the board of directors shall deem expédient; but shares of such capital stock so purchased or acquired may be resold, unless such «hares shell have been retired for the purpose of decreasing the capital stock of the corporation...
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The Lancaster Law Review, 28. sējums

1911 - 452 lapas
...security, of all or any part of its real and personal property, rights, privileges and franchises, and in such manner and upon such terms as the board of directors may determine." The petitioners, therefore, claim that these provisions of the Act of 1905 authorized...
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The Laws of Wisconsin, 1. sējums

Wisconsin - 1883 - 484 lapas
...mortgage or deed of trust, and it may dispose of such bonds or obligations, general or special, in such manner and upon such terms as the board of directors shall determine ; and every such corporation may execute such car trust, or other equipment trust or contracts...
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Laws of the State of Wisconsin, 1. sējums

Wisconsin - 1883 - 480 lapas
...mortgage or deed of trust, and it may dispose of such bonds or obligations, general or special, in such manner and upon such terms as the board of directors shall determine ; and every such corporation may execute such car trust, or other equipment trust or contracts...
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The Atlantic Reporter, 53. sējums

1903 - 1156 lapas
...purchasing or acquiring its bonds or other obligations, or shares of its own capital stock, to such extent and in such manner and upon such terms as the...retired for the purpose of decreasing the company's capital stock as provided by law." ByLaws, §§ 1, 9, relating to contracts in which directors are...
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