Sec. 37.7. Submission of proposed consideration

All data required by the above rules or considered necessary by the commission, except the consideration, for which said securities are to be issued or sold, must be submitted at least 20 days before final action by the commission thereon; and said consideration must be submitted before approval is given, together with an affidavit of the president of the applicant that the proposed issued is to be sold on the most advantageous terms obtainable.