Sentence Examples with the word scrip

But Ezra Cornell himself paid many salaries during early years, and provided much valuable equipment solely at his own expense; and because the state's land scrip was selling too low to secure an adequate endowment for the University, in 1866 he bought the land scrip yet unsold ' Ezra Cornell (2807-2874) was born in Westchester county, New York, on the i ith of January 1807.

In the case of all quasi-public corporations rigid laws exist prohibiting the issue of stock or bonds unless the par value is first paid in; prohibiting the declaration of any stock or scrip dividend, and requiring that new stock shall be offered to stockholders at not less than its market value, to be determined by the proper state officials, any shares not so subscribed for to be sold by public auction.