The Proposed Railway Trust
The Proposed Railway Trust
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In our eReader you can find the full English version of the book. Read The Proposed Railway Trust Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Proposed Railway Trust
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Approaching the matter of the formal organiza- tion of such a trust, account must be taken, first, of the public or semi-public functions imposed by rules of law and public policy upon common car- riers; and, second, of certain particular disabling requirements of law affecting railway corporations, a violation of which must be scrupulously avoided. The association contemplated must be entirely be- tween the individual stockholders or stock and bondholders, and not at all between the railway co...rporations themselves. The corporation must be absolutely independent of the trust, and wholly separate and apart from it.
In formulating the scheme regard must be had to the rule of law that one railway company can- not vote on the stock of another railway company. It may sometimes lawfully acquire the stock of an- other road, and it may then lawfully hold it and receive dividends on it; but it is becoming a well settled rule that it cannot vote on it at corporate meetings, either directly or through the medium of trustees.
What to read after The Proposed Railway Trust?
You can find similar books in the "Read Also" column, or choose other free books by Charles Fisk Beach to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Approaching the matter of the formal organiza- tion of such a trust, account must be taken, first, of the public or semi-public functions imposed by rules of law and public policy upon common car- riers; and, second, of certain particular disabling requirements of law affecting railway corporations, a violation of which must be scrupulously avoided. The association contemplated must be entirely be- tween the individual stockholders or stock and bondholders, and not at all between the railway co...rporations themselves. The corporation must be absolutely independent of the trust, and wholly separate and apart from it.
In formulating the scheme regard must be had to the rule of law that one railway company can- not vote on the stock of another railway company. It may sometimes lawfully acquire the stock of an- other road, and it may then lawfully hold it and receive dividends on it; but it is becoming a well settled rule that it cannot vote on it at corporate meetings, either directly or through the medium of trustees.
What to read after The Proposed Railway Trust?
You can find similar books in the "Read Also" column, or choose other free books by Charles Fisk Beach to read onlineMoreLess
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