The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-09-27
State constitutional Convention.

ssrr. IS MIR. Allen presented a remonsrance from
New York against the individual liability Of stockhold
en- beyond the amount of their stock Referred. Mr.
Cha6eld reported adversely to the section submitted
Yesterday by Mr. Mann in relation to the compensation
Mr.. Nco the printers to the Convention directed
to lay before the Convention Wednesday the journal
to the present time printed By unanimous consent, MIR.
Coney was allowed to record his name on the votes
taken on the report in relation to the power of the Le
gslature to create debt Mr. F. Backus moved to re.
scnd the rule limiting speeches to fifteen minutes Ia
BILE MIR Townsend moved the reference to select com
mittee OF an additional section to the article respecting
the State ofcers-organizng the comptroller treasurer
general and attorney general board of
vision in the aPpraisement BY county assessors of the
vide for an equitable imposition Of state or national direct
taxation Agreed to, and Messrs Townsend, Ayrault,
Jones, W. B: Wright and swsckhamer appointed such
committee The Convention then proceeded to consider
the report on incorporatons other than banking
cipal The pending question upon the hrst section
Mr. Van Schoonhoven moved to amend the section by
adding to provision requiring the assent of
OF the members elected to each branch Of the legislature
to the passage OF every law creating corporations or a.
land or enjoy franchise Of way for their for the
public use Rejected Mr.. .O'Conor offered the follow
ing az a substitute for the whole section
Associations for the pecuniary gain and profit Of the
associated may be created incorporated continued
by virtue Of general laws, but not by special act All
powers acquired under such laws shall be liable to 4
Lost, Ga to 81 The section was then agreed to. Mr.
Richmond moved additional section that no corpora
ton should take private property without consent Of the
owners. Lost, II to O. MIR. Rhoades offered section
W
privileges to any association incorporated under
this article other than banking, trading manu-
featuring powers, may be necessary to the
carrying on Of their business. Lost, 55 to 10
The second section requiring the publication of the
names Of the stockholders Of these companies and their
condition, and restricting their Indebtedness reject
ed The third section, making the corporators indvi.
dually liable for the debts Of the corporation to
amount equal to their interest in the stock read
Mr.. Tuthil moved to modify the section that the
stockholders should be individually liable for the whole
indebtedness Of the corporations The Convention then
took recess
AFTERNOON SEssIor--The amendment to the filth Sec
ton, proposed by Mr. Tuthil to include Com
panes within its provisions, and making the personal
liability unlimited divided and the first proposition
negstved by tie vote, a. TO A. and the latter by
OF to 81. Mr. White then moved to strike out the
tire section Lost, As to ~. Mr.. Ayrault moved a re-
consideration. Table. The fourth section Mr.. Richmond
proposed to amend to strike out the latter clause except
railroad and otber companies, having franchise Of way
from personal liability for money borrowed for land or
for IRON Carried So to 81 The section az amended,
was then adopted, ~ to A. Pending modification Of
the eighth section, moved by Mr. Loomis the Convention
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