...meetings outside the State if the bylaws or incorporation certificate so provides. Nothing but money shall be considered as payment of any part of the capital stock of any company except provided in the case of the purchase of property, and no loan of money shall...

...the business had been paid. ' ' (Bennett v. Milhille Imp. Co., 67 NJ Law, 320.) 48. Nothing but money shall be considered as payment of any part of the capital stock of any corporation organized under this act. except as hereinafter provided in case of the purchase...

...preceding section. No note or obligation given by a stockholder, whether secured by pledge or otherwise, shall be considered as payment of any part of the capital stock. (See Revised Laws, chapter 109, §§ 20, SO, 31, and Acts of ' 1909, chapter 477, pages 18,20 and 21.)...

...office, the name of the agent in charge thereof, upon whom process may be served. Xothing but money shall be considered as payment of any part of the capital stock of any corporation, except in the case of purchase of property or labor performed, and no loan of money...

...Bennett v. Millville Imp. Co., 67 NJ Law, 320. 48. Loans to Stockholders Prohibited. Nothing but money shall be considered as payment of any part of the capital stock of any corporation organized under this act, except as hereinafter provided in case of the purchase...

...of that sum as shall be required to satisfy such debts and obligations. " " § 48. Nothing but money shall be considered as payment of any part of the capital stock of any corporation organized under this act, except as hereinafter provided in case of the purchase...

..."trusts." The General Corporation Law of New Jersey [PL, 1896, §48] provides that "nothing but money shall be considered as payment of any part of the capital stock of any corporation organized under this act, except as hereinafter provided in the case of the purchase...

...sections 48 and 49 of our corporation act. PL of 1896 p. 277. They run as follows : "48. Nothing but money shall be considered as payment of any part of the capital stock of any corporation organized under this 'act, except as hereinafter provided in case of the purchase...

...has met the issue adroitly. Its Corporation Act, as revised in 1896, recites that "nothing but money shall be considered as payment of any part of the capital stock"; except that any corporation may purchase property by the issue of securities, in which case "the judgment...

...General Corporation Act so referred to (PL 1896, Chap. 185, p. 277) provides that "nothing but money shall be considered as payment of any part of the capital stock of any corporation organized under this act, except as hereinafter provided * * *." Section 49 as amended...