 | Emerson Elbridge White - 1861 - 348 páginas
...14Ty5sT$. REMARK. — It is manifest that, if a corporation sells in New York its bonds, drawing 7$ interest, for less than par value, it is borrowing...similar legal prohibition for a like accommodation. EQUATION OF PAYMENTS. AUT. 139. Equation of payments is the process of finding the mean or average... | |
 | Illinois. Supreme Court - 1863 - 622 páginas
...exceptions, and appeal to this court. MONTENAY & SEARLE, for Appellants. The statute which declares " That no corporation shall hereafter interpose the defense of usury in any action," has no application in this case, and therefore the court below should have overruled each of the appellee's... | |
 | New York (State). Court of Appeals, George Franklin Comstock, Henry Rogers Selden, Francis Kernan, Erasmus Peshine Smith, Joel Tiffany, Edward Jordan Dimock, Samuel Hand, Hiram Edward Sickels, Louis J. Rezzemini, Edmund Hamilton Smith, Edwin Augustus Bedell, Alvah S. Newcomb, James Newton Fiero - 1866 - 724 páginas
...section, which is the only one necessary to be referred to in these cases, is in these words : " § 1. No corporation shall hereafter interpose the defense of usury in any action." (Sess. Laws 1850, ch. 172, p. 334). Plain as the language of this section may appear to be, it is on... | |
 | 1874 - 436 páginas
...retroactive operation and effect. It will be observed that the words used are very comprehensive. " No corporation shall hereafter interpose the defense of usury in any action." The words "any action" necessarily include suits instituted before as well as after the passage of... | |
 | Henry Beadman Bryant, Emerson Elbridge White, Corydon Giles Stowell - 1872 - 576 páginas
...should be paid in New York for a railroad bond of f 1000, bearing 7 per cent interest, to make it a 10$ investment? NOTE. —It is manifest that, if a corporation...like accommodation. 25. How much must be paid for 12000 US 5-20s, 6 per cent, @ 104, allowing a brokerage of \% ? Gold being lia, what is the semi-annual... | |
 | New York (State). Superior Court (New York), James Clark Spencer, Samuel Jones - 1874 - 670 páginas
...arises upon the construction of the statute of 1850 (Law* of 1850, ch. 172, p. 334), which provides that '• No corporation shall hereafter interpose the defense of usury in any action." field, by the general term, that the decision in Hungcrford Bank v. Pottsdam & Watertown KK Co., is... | |
 | Illinois - 1874 - 418 páginas
...such fractional parts of a month upon the ratio which such number of days shall bear to thirty. § 11. No corporation shall hereafter interpose the defense of usury in any action. § 12. The following acts and! parts of acts are hereby repealed: Chapter fifty-four of the Revised... | |
 | Virginia. Supreme Court of Appeals - 1875 - 1070 páginas
...by the defendant, other words must be incorporated, into the body of the act so as to make it read, "no corporation shall hereafter interpose the defense of usury in any action upon a contract hereafter made." But clearly the legislature did not intend so to confine the effect... | |
 | Isaac Grant Thompson - 1876 - 842 páginas
...usury applicable to existing contracts and valid. A statute of the State of Virginia which provided that " no corporation shall hereafter interpose the defense of usury in any action, nor shall any bond, etc., of such corporation be set aside, impaired or adjudged invalid by reason... | |
 | 1876 - 642 páginas
...exception was taken. On May 22, 1873, the Legislature of Virginia enacted (11. Code of 1873, p. 514) that "no corporation shall hereafter interpose the defense of usury in any action ; nor shall any bond, note, debt or contract of such corporation be set aside, impaired or adjudged... | |
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No corporation shall hereafter, interpose the defense of usury in any action. The term corporation, as used in this section, shall be construed to include all associations, and joint-stock companies having any of the powers and privileges of corporations... 
