492.8 - ELEMENTS CONSIDERED IN FIXING AMOUNT.

        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.      
         Section History: Early Form
         [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