The Texas Stock and Bond Law and Its Administration

Abstract

The law limits the amount of stocks and bonds to the reasonable value of the property, 109–111.—A fixed scale of construction prices used toward ascertaining such value, 111, 112.—Different position of old roads and of new; problems as to the old roads, 112–116.—Floating debt not affected; income bonds a means of evasion, 116, 117.—Effect on new construction difficult to state, 117–120.