Laws enacted in the general assembly of the commonwealth (Google eBook)

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1876
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Page 188 - ... to serve for one year, one for two years and one for three years, and thereafter...
Page 32 - No corporation shall issue stocks or bonds except for money, labor done, or money or property actually received; and all fictitious increase of stock or indebtedness shall be void.
Page 59 - ... all such real estate as may be acquired as aforesaid, and which shall not be necessary for the accommodation of such company in the convenient transaction of its business...
Page 163 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings. Fourth. Such as it shall purchase at sales under judgments, decrees or mortgages held by the association, or shall purchase to secure debts due to it.
Page 163 - First. Such as shall be necessary for its immediate accommodation in the transaction of its business. Second. Such as shall be mortgaged to it in good faith by way of security for debts previously contracted.
Page 157 - ... thousand dollars of stock for every mile of railroad proposed to be made is subscribed thereto, and ten per cent paid thereon in good faith, and in cash, to the directors named in said articles of association...
Page 166 - ... of its net profits of the preceding half year to its surplus fund until the same shall amount to 20 per centum of its capital stock.
Page 162 - ... shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares...
Page 214 - An Act to repeal an act approved the eleventh day of April one thousand eight hundred and seventy-nine (Pamphlet Laws twenty two) entitled 'A Supplement to an act entitled 'An Act dividing the cities of this state into three classes regulating the passage of ordinances...
Page 18 - All laws or parts of laws inconsistent with this Act are hereby repealed.

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