Sentence Examples


  • Every stockholder in a bank is made individually liable to the amount of his stock at its par value in addition to the said stock.
  • Only the more customary restrictions are placed upon the legislature by the constitution; such, for example, as that it shall pass no laws impairing the obligation of contracts, no ex post facto laws, no law authorizing imprisonment for debt, no law restraining the freedom of the press or freedom of speech, and that it shall not lend the credit of the state or make the state " owner in whole or in part of any bank or a stockholder with others in any association, company, corporation or municipality."
  • No public debt (exclusive of the debt of the Territory of Idaho at the date of its admission to the Union as a state) may be created that exceeds 12% of the assessed valuation (except in case of war, &c.); the state cannot lend its credit to any corporation, municipality or individual; nor can any county, city or town lend its credit or become a stockholder in any company (except for municipal works).
 
 

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