The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1874-05-08

day of April, or at such other time a. the
Legislature may provide, one SUPERVISOR one
Township Clerk, who shall 20 er opscio schooi
Inspector, one Commissonerofh lghways,wno
shall hold his eflice for one year, one township
Treasurer. one School Inspector, VINO shall
hold his Office for two years, not exceeding
fsur Constables. and one Oyerseer OF High
WAYS of each highway district, and such other
officer az may be provided by law, whose
powers and duties shall be prescribed by
law
CITIES AND VILLAGES.
Sec. IA. Cities and villages shall hereafter
be incorporated only under general laws In
which their powers of taxation, borrowing
money, and contracting debts, shall be re-
strictes.
Sec. Is. No city or village shall incur in
debtedness, including that incurred by or on
besalf of any school district within its corpo-
rate limits. so that its aggregate debt at any
time shall exceed ten per cent. on the valua-
ton of its taxable property, a. shown by the
assessment roll, unless authorized by major
ity of the electors residing within such corpo-
ration voting thereon as may be prescribed by
law.
Sec 16. The judicial, chief executive and
legislative officers of cities and villages shall
be- elected.
Sec II. Existing charters OF cities and vii
lagos may o altered and amended.
Note.-In the present Constitution the subject
of Counties" il treated of in article Y, and of
" Townships " in article XI In the revision the
two combined into a single article under the
title of "Munic pal Corporations, to which IL also
added Cities and Villages" which have no special
place in the present instrument. Section and the
last clause of section are new. Section 3 stands
in lieu of section OF article OF present Constiu
ton, which limits the amount to one thousand dol
lars that may be raised in any county any year
by majority vote of the Board of Supervisors,
but does not limit the aggregate TO which the in
debtedness may reach 10y successive yearly appro-
priations. The amended section requires a two
thirds vote of the Board of Supervisors to raise any
sum, and limits the amount that may be raised by
per cent. upon the assessed valuation az being
more equal in its operation, and also limits the az
gregate of Indebtedness that may be incurred. The
last sentence of section is new. Section CORE
spends to section of present article Y. The only
change is the omission OF the words, land as often
a. vacancies shall happen where they occur after
the words I" two years in the last named article
Section corresponds to section Of present article
X. The clause relative to renewal of the Sheriff Is
bond il omitted. Section Scombines sections and
of present article X. The words, "and villages"
used with reference to representation on Boards of
Supervisors, is new In section 10 the words except
as otherwise provided by law and the
clause of the section, new. In section IL, the
words, " or at such other time as the Legislature
may provide" and the words, "and such other
officers as may be provided by law" are new. The
office of Commissioner of Highways Is fixed deh-
nitely at one Commissioner to hold for year
(he present Constitution is ambiguous on tins sub
ect), and School Inspector il to be chosen each
year, to hold for two years, the present Constitu-
ton providing only for one. Under the present
Constitution, cities and villages may be incorpo-
rated either under general law or by special char
ter. BY section Ia of the amended article they can
only be incorporated under general law, although
| by section II, existing charters may be amended
| Section Is is new. Section 16 is repres snted by
section IA Of article XIV. of present Constitution
ARTICLE NJ.
! CORPORATIONS OTHER THAN MUNICIPAL.
Section /. Corporations (other than munich.
pal, and those for charitable, educational
penal and reformatory purposes under the
control of public authority shall be hereafter
created only by general laws. All general
acts of incorporation, and general laws affect
ing interpretations, may be altered, amended
| or repealed. The charter OF no existing cor
poration, not embraced in the above excep-
tons, shall be renewed or extended. nor shall
the power of such corporation be increased OF
enlarged.
Sec. q No banking law, authorizing banks
of issue, shall have effect until the same
shall, after its passage. be submitted to a vote
of the electors of the State. at a general cleo
ton, and be approved by majority of the
votes cast thereon at such election, but the
Legislature may alter or amend the same.
Sec. 3. The stockholders of every corpora
ton or association for banking purposes. is
suing bank notes or paper credits to circulate
as money shall be individually liable for all
debts contracted during the time of their be-
ing stockholders of such corporation or asso-
citation, equally and ratably to- the extent of
their respective shares of stock IN any such
corporation or association.
Sec. 4. The Legislature shall provide for the
registry of all bills or notes issued or put III
circulation as money by any bank organized
under the laws of this State, and shall require
security to the full amount of notes and bills
| so registered. in iBterest-bearing stocks of
GO -. i'll i
| be deposited with the State Treasurer, for the
redemption of such bills or notes in lawful
money of the United States.
Sec. 3. In case of the insolvency of any
bank or banking association, the billholders
thereof shall be entitled to preference IN pay
ment over all other creditors of such bank OF
association.
Sec. 6. The Legislature shall pass no law
authorizing or sanctioning the suspension OF
payments by any person, association, or COL
poration.
Sec. 7. The stockholders in all corporations
shall be individually liable for all labor done
in behalf of such corporation during the time
of their being such stockholders.
Sec. 8. All fictitious issue or increase of the
| bonds or other evidence of indebtedness, OF
of the capital stock Of any corporation, is pro-
hibitcd.
Sec. 8. No corporation shall hold any real
estate for longer period than ten years from
| the time OF acquiring the same, except sucu
real estate as shall be actually occupied by it,
or necessary in the exercise of its franchises
Sec. 10. Foreign corporations may be per-
nitted TO do business in this State under such
limitations and restrictions as May be pre-
scribed by law, but shall be subject to the
same restrictions and liabilities that are i'm.
posed and shall have no greater rights than
are conferred upon. domestic corporations OF
like character, and the stockholders Of such
foreign corporations shall be subject to like
personal liabilities stockholders In similar
domestic corporations. No foreign corpora.
ton shall acquire or hold any more lands in
this State than domestic corporation of like
character is permitted to acquire or hold, ant
all lands hereafter acquired or held in viola
ton of this provision shall escheat to the
State. Provision may be made for debarrini
all foreign corporations which shall violat,
any law of this State from thereafter being
allowed to do business in the State.
Sec. IL. The Legislature may, from time t.
time, pass laws establishing reasonable maxi
mum rates Of charges for the transportation
of passengers and freight, and regulate thu
speed of trains, on different railroads in th
State, and shall prohibit running contract
between such railroad companies whereof
discrimination is made in favor of either o
such companies as against other companie
owning connecting or interesting lines o
railroads. The Legislature NAV also pas