Juniata sentinel and Republican. [volume] (Mifflintown, Juniata County, Pa.) 1873-1955, 1873-11-19
PRIVATE CORPORATIONS.

ARTICLE XVI.
PRIVATE CORPORATIONS.
SECTION |. All eAistilg charters, o. grants
of special ~ exclusive privileges under
which bona hde organization shall not
have taken place and business been COM
menced in good fifth - the u;-c OF he
adoption OF this constitution, shall there
after have no validity.
SEc. >. The General Assembly shall not
reLli; the forfeiture of t.!c charter OF any
corporation Do'' existing, or siter or sr;,"ud
the same. or pass any other s;e--e.i. or spe-
cial law for Ire benctt o. sGcA corporation,
excep: upon tho condition that such corpo-
ration shall thereafter hold its charter sub
iect To the provisions OF itis constitution.
SIC. 3. The exercise o. lie rislt II en-
inent domain shall csver =. abridged or
construed IS 10 prevent the tisBer. : Assem-
bly, from taxing the lirp--ty and franchises
oil incorporated companies, and sabjecting
them to public use, the same IL the proper
" OF individuals aad the .xcrcise OF 'he
police l.ower OF the S:aIe shall never &c
abridged VI so construed as To PERMIT cor
pors;ions to coHduet their business in such
. manner ~ 70 infringe he equal rights Of
individuals OF the general well-being Of the
State.
! SEC. 4. In Ill elections for directors or
managers of a corporation each memoir or
/ shareholder MAJ cast ,Ec whole numb o.:
/ his votes for one candidate, OF aistI lbute
/ them upon two or I.ore candidates, IS be
may prefer.
| Sxc. j. No foreign corporation shan 10
ary business in this State witmout having
one Or more kuown places of business, and
al authorized agent OF agents in the same,
upon whom process NAV be served.
SKc. 8. No corporation shall engage in
any business other than that expressly an
/ ihoriz-d in its caarte-, shall it take OF
hold any real estate. except snch Us Inly be
nee es,sry and proper for il, Legitimate busi-
ness
SIC. !. No corporation shall issue stocks
/ OF bonds except tor money, EE.'r done, or
money or property actually rrcei.sd and
ali fictitious increase of stock or indebaej-
rcss shall be- void the stock ard indrbtei-
ness of corporations shall not be increased
| except ia pI. .suance OF gcH-r.' -. s.Jr
without the consent >. -. persons hoi,iiaS
the larger amount in value OF the s,vcs first
obtained at 4 meeting To be held after SIXTY
days notice given in pursuance of law.
SIC g. Municipal and other corporations
anG individuals invested With the privilege
VI tssNAiAb PihatS P.tytftN iOr pubic Use
| shall m kc jusi compensation or .rr.,-ttv
taken, injured "r destroyed by the construc-
tion or enlargement OF their works, highways.
or improvements, which compensation sh..;
b. paid OF cured bo.ore such t..-.ng. in-
Jury, or destruction. The e ener.,i Assem-
bly, is htreby prohibited from deprivias any
person of an appeal from any preliminary
assesonen' u I.i.s.scs against Iay such
corporations or individuals, E.ade BY view
els or oih.swisr aud the amour. - such
| damages, Ia AL cIAcS :! appeal, shall. ON
th- demand vi either party, be determined
bs jury according To Ihe course af thu
common ia".
SIC. 3. Every banking law shall provide
iOr the reyistry and eounIoTsisnIns Oy an
/ officer Oi the State, Of ali ..c.es or oils do
signed for circulation, and that ample sec.-
riiy to the iuii amount thereof shall be de-
posi.ed With the Auditor General for the
redemption of such notes or Di.is.
SIC. 10. The GeHsEAi Asser.ply shall
have the power to alter, revoke. OF asnul
any charter Ol incorporated now existing
aei -esocaGle at the sdoption of this con-
siItutIon, or any that NAY hereafter u. c. 81
ted, Whenever IN ineIr opinion i; m..y be in
Jurious to the ei-lEeus u this COH.lnon-
wealth, IN such manner, howeye,, that no
/ ihi"'NsSS S-4e-Ai C uNtiS ~ ne coz. ..ffdtpTS.
NO las hereafter enacted shall create, -
he", or extend the CHATTER "a moro than
one corporation.
Shc. ii. No corporate BODY tO po7s-sS
banking and discoGGting pr,v iieses shall -
crea.ed or organized il pursuance o. snv
law without three Inoaths' prey .ous publIc.
rotice =; The ylacs OF TIE Intended locs,,ou-
of the intention To apply for such .-iyi-
| ieScs, IL such EIaIneT u shall be pre,cri,, q,
BY law, nor shall charter for such u.i,i
iege bc granted for longe. pe-.sd thar
twenty Years
SIC. IL. Any association or Corporation
organizcc lor the purpose, or a-v i..iivii-
nai, shall have the right to constrrc. an,
MAINTAIN liues oi telegraph ~i,Sin This
! state, and 70 correct th- s..~sa win oth,,-
lines; snd the ,Iener,i : ,seubly s6-r NJ
genera lAS OF uniform operation, p-c -ide
reasonable resiistions to give full enec ( to
! thi, ss-tiou
| No telegraph company shall cor.oIida,.,
with or hold a control ng interest in he
stock or bonds of any other ,sisrrir.l eu,u-
pany owning l Competing 'ing, or ACQUIRE.
by purchase or Other~Ise, any other cor,-
petils .ine Of telegraph.
Sac IL. The .erm corporations, "a
used in this article, shall 10 coas,rur. 70
iHei1ie all joint stock companies or associ-
ations having any of the power, or priyi-
ieges OF corporations not possessed by in
di'iduals or partnerships
4