The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1874-06-18

luEus IN y COuEA EEIOAA3 - ~
prescribed by law
sembIy authorizing the issuing of bills,
notes. or other paper. which may cir
eulafe M money, shall take effect until
submitted to the people. at the gener-
al election next succeeding the passage
thereof. and approved by a majority
of the electors voting at such election !;
and the redemption of all such paper
shall be fully secured, by the deposit
of such securities of the United States,
or of this state, as may be prescribed
by law.
SEC. 6. The directors of a corpora
ton shall be chosen at one time by
general ticket. AT elections for
directors each shareholder shall have
as many votes as the number of shares
held by him, multiplied by the num-
Der of directors to be chosen, and may
cast all his votes for one candidate, or
distribute them, as he may see mt.
SEC. z. Foreign corporations may
be authorized TO do business in this
state, under such limitations and re-
strictiens as may be prescribed by law,
and, as to contracts made or business
done in this state, shall be subject TO
the same regulations, limitations, and
liabilities as like corporations of this
state: and shall exercise no other or
greater powers, privileges or franchi-
ses than may be exercised by like cor
porations of this state nor shall they
have, power 10 condemn or appropri-
ate private property.
SEC. 8. The general assembly may,
by general law, subject to the provis-
ions of this constitution, extend the
existence of societies for savings, Gre
ated prior to the first day of Septem-
ber, one thousand, eight hundred and
ffftv-one, whose charters are subject to
alteration, amendment or repeal. No
other corporation of this state, incor-
porated prior to the first day of May,
one thousand, eight hundred and fif-
tv-tWo. shall have the benefit of any
law passed since that date, or which
shall hereafter be passed, except laws
regulating judicial procedure, unless
they shall reorganiZe under and sub
ject to the provisions of this constitu-
ton.
Sec.9. No officer or agent ofany COM
pany, operating or using rail-
road within this state, shall be inter-
ested, directly or Indirectly, either by
himself or associated with others, in
the receipts, contracts or earnings of
such company, otherwise than as an
ordinary shipper or passenger, or as a
stockholder, bond creditor or employe,
nor in any arrangement which shall
afford more advantageous terms or
greater facilities than are offered and
accorded to the public; and all con-
tracts aud arrangements in violation
of this section shall be void.
SEC. 10. No railroad company shall
consolidate with another, having line
parallel or competing with its own
or lease, purchase or control such line ;
and no officer of railroad company
shall act as an officer of any other COM
pany owning or controlling a parallel
or. competing line; and no railroad
company shall do business in this state
which shares its earnings, in any man
ner, with q company owning or con-
trolling q parallel or competing line
within this state.
SIC IL. No foreign corporation
shall carry on the business of trans
porting persons or property, or of tel
egFaphing, mining, manufacturing or
insurance in this state, except while it
maintains therein an Office, where, or
on the person in charge of which, pro-
GCSS nAAg 0C 6Cl OI III oANNAOA VI
legal proceeding instituted against it
nor after it shall cause or procure to
be removed into any of the courts OF
the United States proceeding insti-
tuted by or against it, in any court OF
this state, upon a cause of action aFis-
ing out of such business, which q cor
poration of this state, if a party to
such proceeding, might not cause or
procure to be removed.
SEC. Il. The general assembly shall
pass laws TO correct abuses and pre-
vent unjust discrimination and excess
i've charges by railroad companies, for
Transporting freight and passengers.
and shall provide for enforcing such
laws by adequate penalties and forfeit
9 nfes. e4
4t SRes13. No corporation shall issue
stocks or bonds. except for money or
property actually received, or labor
done; and all fictitious increase of
6 stock or Indebtedness shall be void.
The stock and bonded Indebtedness of
corporations shall not be increased,
except in pursuance of general law /;
nor until the consent of the persons
ohoIding the larger amount in value of
the stock shall be obtained, at a meet
ing held after notice given, for period
not less than sixty days, in pursuance
of law.
rs SEC. IA. Persons and property,
transported over any railroad, shall
be carried to any station at charges not
exceeding in gross the charges for the
same class and amount of tfansporta-
ton of persons and property in the
same direction, to any more distant
station but excursion and commuta-
tion tickets may be Issued at special
rates. .ao
6ai 20 ARTICLE XIII.
$500 REVENUE AND TAXATION.
g SECTION /. The general assembly
shall provide for raising revenue to
defray the expenses of the state for
oeach year, including a sum sufficient
. teapay dthe interest on the state debt,
and SO much, at least, OF the principal
thereof as is provided for in article
eight Of this constitution.
20 SRe. q. The general assembly shall
never levy a poll tax for county or
state purposes.
~ Sec 3. Laws shall be passed taxing
by q uniform rate all real and personal
property, according to its value in
money, to be ascertained by suchrules
of appFaisement as may be prescribed
by the general assembly, SO that all
property shall bear an equal pFopor-
tioll of the burdens of taxation; pro-
vided, that the deduction of debts
from credits may be authorized.
6 SIC 4. Tho general assembly may
provide by general laws for exemp-
ton from taxation of all burial
grounds, public school houses, houses
used exclusively for public worship,
institutions of purely public charity,
public libraries, public property used
exclusively for any public purpose,
and personal property to an amount
not exceeding two hundred dollars
for each individual but such laws
shall be subject to alteration oFrepeal,
and the value of property so exempted
shall, from time to time, be ascertain-