Bonded indebtedness corporation
WebThe 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% ...
Bonded indebtedness corporation
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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 or incur, create, increase bonded indebtedness (Sec. 37) Power to deny pre-emptive rights (Sec. Power to sell or dispose corporate assets (Sec. 39) Power to acquire own shares (Sec. 40) Power to invest corporate funds in another corporation or business (Sec. 41) Power to declare dividends (Sec. 42)
WebMay 1, 1980 · (4) Any bonded indebtedness to be incurred, created or increased; (5) The actual indebtedness of the corporation on the day of the meeting; (6) The amount of stock represented at the meeting; and (7) The vote authorizing the increase or diminution of the capital stock, or the incurring, creating or increasing of any bonded indebtedness. WebMar 31, 2024 · Certificate Of Indebtedness: A short-term fixed income security once issued by the United States Treasury that had a coupon. A certificate of indebtedness was …
Webpublic agency under s. 163.01(7), F.S., to issue bonds or other evidence of indebtedness to 3 Created in s. 288.9604, F.S. The board consists of seven directors. The secretary of Economic Opportunity, or designee, serves as the chair of the board. The director of the Division of Bond Finance, or designee, serves as a director. The Governor WebA stockholder who does not approve the action taken by the Board of Directors in proposing to amend the Articles of Incorporation is allowed to withdraw from the corporation in one of thefollowing instances: A. Merger or consolidationB.
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 …
WebAny obligation which is corporate acquisition indebtedness of the issuing corporation is also corporate acquisition indebtedness of any corporation which becomes liable for such obligation as guarantor, endorser, or indemnitor or which assumes liability for such obligation in any transaction. p block physics wallah notesWebPower 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 ... p block pdf ncertWebFeb 14, 2024 · Existing law authorizes the district to borrow money and incur indebtedness, not to exceed $8,000,000, by action of the board of directors and without the necessity of calling and holding an election, and prohibits the resulting indebtedness from exceeding 85% of the estimated amount of the district’s revenues, charges, taxes, and … p block previous year questionsWebQuestion: An appropriation of retained earnings by the board of directors of a corporation for bonded indebtedness will result in The establishment of a sinking fluid to retire bonds … p block electronsWebcorporation 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 ... p block term 1 mcqWebThe formal document creating bonded indebtedness is called the _____. trust indenture: 3. The primary responsibility of the independent stock _____ is to avoid any over-issuance of stock of the corporation. 4. Internal control over the payment of dividends is enhanced when the company utilizes the services of an independent _____. 5. scripture god is my helperWebBonded 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 … p block youtube