Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1873-12-03


therefor by the municipal government
SEC. 3. Every city shall create a sinking fund,
which shall be nviolsbly pledged for the pay meat
Of Its funded debt.
! ARTICLE XVI.
PRIVATE CORPORATIONS.
SECTION I. An existing charters, or grants
Of special or exclusive privileges, under which
bona fde organization shall not have taken place
and business been commenced In good faith At
the time Of the adoption Of ,his constitution shall
thereafter have no validity.
SEc. 2. The General Assembly shall not remit
the forfeiture OF the charter Of any corporation
now existing, or alter or amend the same, or pass
any other general special law for the benefit Of
such corporation, except upon the condition that
such corporation shell thereafter hold its charter
subject TO the provisions Of this constitution.
SEC. ,. The exercise or the right Of emin snt do
main shall never be abridged or 30 construed as
to prevent the General Assembly from taking tho
property and franchises OF Incorporated companies
and suhjccing them to public usci the same As
the property ofindividusl; and the exercise Of
the police power Of the State shall never be
abridged or SO construed as to permit corpora
tions to conduct their business In such manner
ss to infringe the equal rights of individuals or
the general we'll being Of the State.
SEC. 4. In all elections for directors or man.
ayers OF corporation each member or shareholder
candidate, or distribute them upon two or moro
candidates, as he may prefer.
SEC. s. No foreign corporation shall do any
business in this State without having one or moro
known places Of business. and an authorised agent
Or agents in the same, upon whom process may be
served.
She. 8. No corporation shall engage in any
business other than that expressly authorised in
its charter, nor shall II take or hold any real
tate. except such as may be necessary and proper
for Its legitimate business.
sEc. Z. No corporation shall issue stocks or
bonds except for money, labor done, or money or
property actually reocivedl and all fictitious in
crease Of stock or Indebtedness shall be void;
the stock and Indebtedness Of corporations shall
not be increased except in pursuance of general
law, nor without the consent Of the persons hold
ing the larger amonnt in value Of the stock first
obtained at a meeting to be held after sixty days
notice given In pursuance OF law.
SEC. s. Municipal and other corporations and
Individuals invested with the privilege of taking
private property for public use shalt maks just
compensation for property taken, injured or de-
stroyed BY the construction or enlargement Of
their works, highways, or Improvements, which
compensa.ion shall be paid or secured before such
taking, injury, or destruction. The General As
sembly is hereby prohibited from depfiring any
person ofa appeal frou any preliminary sssess-
msnt OF damages against any such corporations
the amount or such damages. In all cases Of ap-
peal shall, on the demand Of either party, bc de-
termued by a jury according TO the course Of the
common law.
SEC. .. Every banking law shall provide for
the rcsistry and countersgning by an officer oftne
State Of all notes bills designed for circulation,
aud that ample security to the full amount thereof
shall be deposited with the Auditor General for
the rcdemption Of such notes or bills. lnHl
SEC. 10. The General Assembly shall have the
power TO alter, revoke, or anuul any charter Of
Incorporation now existing and revocablo at the
adoption OF this constitution, or any that may
hereafter be created. whenever in their opinion Il
may be injurious to the citizens Of this Common
wealth, In such manner, however, than no injus-
tice shall he done to the corporators. No law
hereafter enacted shall create, renew, or extend
the charter Of more than one corporation.
Sac. II. No 90 porsse body TO possess banking
and discounting privileges shall be created or
ganincd In pursuance Of any law without three
months previous public notice at the place Of the
intended location. OF the intention to apply for
such privilege, In such manner IS shall he pre-
scribed by law, nor shall a charter for such privi-
lcse be granted for longer period than twenty
years. IIf
SEC. IL. Any association or corporation organ
ited for the purpose, or any individual, shall
have the right TO construct and maintain lines Of
telegraph within this State, and to connect tho
sane with other lines, and the General Assembly
shall by general Law Of uniform operation, pro-
vide reasonable regulations to give full effect to
this section. No telegraph company shall consol-
idatc with or hold controlling interest In tho
stock or bonds Of any other telegraph company
owning competing line. or acquire. by purchase
or otherwise, sny other competing line Of tele-
graph.
Sac. IS. Tho term Corporations" as used In
this article, shall be construed to include all joint
stock companies or associations having any Of tho
powers or privileges OF corporations not possessed
by individuals or partnerships.
ARTICLE XVII.
| As RAILROADS. AND CANALS.
skorros I. All railroads and canals shan be
public highways, and all railroad and canal com-
pancs shall be common carriers. Any as.ocias
tion or corporation organized for the purpose
| shall have the right 10 construct and operate q
railroad between any points within this State and
To connect at tho State line with railroads Of other
States. Every railroad company shall have tho
right with It's road to iu,erscct, connect With, or
cross any other railroad, and shall receive and
transport each the others passengers, I nnasc,snd
cars, loaded or empty, without delay or discrimi-
| nation.
sro. ?. Every railroad AMI canal corporation
Organised in this State shall maintsiu an once
therein where transfers Of ts stock shall be madc,
and where lie books shall he kept for inspection
ton. In which shall be recorded the amount OF
capital stock subscribed or psid iu, and by whom,
the names Of the owners Of its stock and tho
amounts owned by them, respectively. the trans
fers o. said stock, and the names and places Of
residence Of its officers. -.
sEc. 3. An individuals, associations, and cor.
pors,ons shall have equal right 10 have persons
and property transported over railroads and canals
and no undue or unreasonable discrimination
shall be made in charges for or 10 facilities for
transportation Of freight Or passengers within tho
State, or coming from going 10 any other State
, Persons and property transported over AM rail-
road shall be delivered st any station al charges
not exceeding the charges for transperission Of
persons and properly OF tho same elass In the
! same direction 10 any more distant station; hut
excursion and communication tickets may BE- Issued
kt special rates.
snc. 4. No railrond. canal, or other corporation.
or the lessces, purchasers, or managers Of any
railroad or canal corporation, shall consolldsts the
stock property, or franchises Of such corporation
with, or lease or psrshsse the works or frsnshissl
Il