492.8 Elements considered in fixing amount.
For the purpose of encouraging the construction of new steam or electric railways, and manufacturing industries within this state, the labor performed in effecting the organization and promotion of such corporation, and the reasonable discount allowed or reasonable commission paid in negotiating and effecting the sale of bonds for the construction and equipment of such railroad or manufacturing plant, shall be taken into consideration by said council as elements of value in fixing the amount of capital stock that may be issued.
[S13, §1641-b; C24, 27, 31, 35, 39, §8415; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §492.8]
Referred to in §492.10, 492.11, 492.12, 493.4, 495.1
Structure Iowa Code
Section 492.1 - Endorsement of amount paid.
Section 492.2 - Effect of violation.
Section 492.4 - Certain corporations excepted.
Section 492.5 - Par value required.
Section 492.6 - Payment in property other than cash.
Section 492.7 - Executive council to fix amount.
Section 492.8 - Elements considered in fixing amount.
Section 492.9 - Certificate of issuance of stock.
Section 492.10 - Cancellation of stock — reimbursement.