Bonded indebtedness corporation
WebIn a partnership, the the ostensible partner. corporation would be bound by the acts of the Has no juridical Has juridical persons who are not its duly appointed and personality and can sue or personality and may … WebDec 17, 2024 · 1. To sue and be sued in its corporation name. 2. Of succession by its corporate name for the period of time stated in the articles of incorporation and the …
Bonded indebtedness corporation
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WebMay 6, 2015 · Appropriations for bonded indebtedness restrict a company's ability to pay dividends to shareholders. It requires that part of retained earnings be set aside for the … WebMay 6, 2015 · Appropriations for bonded indebtedness restrict a company's ability to pay dividends to shareholders. It requires that part of retained earnings be set aside for the repayment of bonds. Appropriations do not have a direct relationship to …
Web1. To sue and be sued in its corporate name; 2. Of succession by its corporate name for the period of time stated in the articles of incorporation and the certificate of … WebSCS SB 349 2 18 by the general law governing the incurring of indebtedness 19 by counties; provided, however, that no such tax shall be 20 levied upon property which is within a nursing home district 21 as provided in chapter 198 and is taxed for nursing home 22 purposes under the provisions of that chapter, or may 23 provide for the issuance and …
WebJan 31, 2013 · Clarifying that the corporation should not be contractually obliged to return the consideration received and that the corporation is obliged to deliver a fixed number of its own shares of stock for a fixed amount of cash or property paid or to be paid by the contracting party. WebPower to increase or Decrease Capital Stock; Incur, Create or Increase Bonded Indebtedness. - No corporation shall increase or decrease its capital stock or incur, create or increase any bonded indebtedness unless approved by a majority vote of the board of directors and by two-thirds (2/3) of the outstanding capital stock at a stockholders ...
Web1. To sue and be sued in its corporate name; 2. Of succession by its corporate name for the period of time stated in the articles of incorporation and the certificate of incorporation; 3. …
WebPower to increase or Decrease Capital Stock; Incur, Create or Increase Bonded Indebtedness. - No corporation shall increase or decrease its capital stock or incur, create or increase any bonded indebtedness … european wax center antioch caWebGovernment-owned or controlled corporation Refers to any agency organized as a stock or non-stock corporation, vested with functions relating to public needs. At least 51% Percentage of capital stock owned by the government for it … european wax center attleboro maWebcorporation shall serve in the same manner as the board of directors of a local government corporation created under Subchapter D, Chapter 431, Transportation Code, except that a board member is not ... (1) has any outstanding bonded or other indebtedness until that bonded or other indebtedness has been repaid or defeased ... european wax center anaheimWebBonded indebtedness means any formally executed written agreement representing a promise by a county to pay to another a specified sum of money at a specified … first american national investment advisorsWebJan 11, 2024 · Any issue of stocks, certificates, bonds, notes or other evidences of indebtedness not payable within one year, which shall be issued by such public utility or common carrier contrary to the provisions of this act shall be voidable by the commission, except as provided in subsection (d). first american museum storeWebbond transactions usually can be confirmed directly with the trustee. The trustee's reply should include an exact description of the bonds, including maturity dates and interest … european wax center arkansasWebThe state has no bonded debt, and the constitution forbids it to incur debts exceeding in the aggregate a quarter of a million dollars, except for warlike purposes or for some single work to which the people give their consent by vote; the constitution also forbids any county or municipal corporation from incurring an indebtedness exceeding 5% ... first american national bank tennessee