Iowa § 492.8 Elements considered in fixing amount

Iowa Statutes

§ 492.8 — Elements considered in fixing amount

Iowa § 492.8

Title XIIBUSINESS ENTITIES

Ch. 492CAPITAL STOCK

This text of Iowa § 492.8 (Elements considered in fixing amount) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 492.8 (2026).

Text

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.

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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.