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" November of each year, estimate and appraise the capital stock of the said company at its actual value in cash, not less however than the average price which said stock sold for during said year, and not less than the price or value indicated or measured... "
Agriculture of Pennsylvania - Page 129
1891
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Cases Decided in the United States Court of Claims ... with ..., Volume 141

United States. Court of Claims, Audrey Bernhardt - 1959 - 1028 pages
...not less, however, than, first, the average which said stock sold for during the year ; and second, not less than the price or value indicated or measured...amount of profit made and either declared in dividends, expended in betterments, or carried into the surplus or sinking fund ; and third, not less than the...
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Atlantic Reporter, Volume 56

1904 - 1164 pages
...average price the said stock sold for during the year ending with the first Monday of November,' 1809, 0 &~jD} Nx ,E ( ' b< J " 8 After it leaves the parent ledge or vein, it is a constantly moving commodity, never the same in quantity...
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Atlantic Reporter, Volume 31

1895 - 1132 pages
...its actual value in cash, not less, however, than the average price that such stock sold for during said year, and not less than the price or value indicated or measured by net earnings, or by the amount of profits made and either declared in dividends or carried into surplus or sinking fund," the actual...
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Atlantic Reporter, Volume 30

1895 - 1172 pages
...its actual value in cash, not less, however, than the average price that such stock sold for during said year, and not less than the price or value indicated or measured by net earnings, or by the amount of profits made and either declared in dividends or carried into surplus or sinking fund," the actual...
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The American and English Railroad Cases: A Collection of All Cases ...

1899 - 908 pages
...its actual value in cash, not less, however, than the average price which said stock sold for during said year, and not less than the price or value indicated...dividends, or carried into surplus or sinking fund." A minimum appraisement is here fixed for solvent corporations. In most cases, doubtless, the corporation...
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Weekly Notes of Cases Argued and Determined in the Supreme Court ..., Volume 35

1895 - 680 pages
...been omitted, and the Legislature had said, only, that the capital stock must be appraised at a sum not less than the price or value indicated or measured by net earnings. "But the rest of the clause must have some meaning, and it is well settled that in construing statutes...
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Bulletin, Issues 70-80

1900 - 1028 pages
...November, not less than the average price for which it sold during the ygar, and not less than (he price or value indicated or measured by net earnings,...dividends or carried into surplus or sinking fund, and to forward said appraisement, with their oath, and report as aforesaid, to the Auditor Genei-al; if...
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Reports of the Industrial Commission ...

United States. Industrial Commission - 1901 - 700 pages
...actual value in cash, not less than the average price which said stock sold for during the previous year, and not less than the price or value indicated or measured by net earnings, or by the amount of profits by dividends or carried into surplus or sinking fund. These reports are not conclusive upon...
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Report, Volume 11

United States. Industrial Commission - 1901 - 702 pages
...actual value in cash, not less than the average price which said stock sold for during the previous year, and not less than the price or value indicated or measured by net earnings, or by the amount of profits by dividends or carried into surplus or sinking fund. This method of valuation takes into consideration,...
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State Library Bulletin: Legislation, Issue 11

New York State Library - 1902 - 1246 pages
...its actual value in cash, not less however than the average price which said stock sold for during said year, and not less than the price or value indicated...sinking fund, and when the same shall have been so tiuly estimated and appraised they shall forthwith forward tw the auditor-general a certificate thereof...
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