The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1874-06-18

or Collected or debt contracted by a municipal
corporation, except IN pursuance Of law for public
purposes specified by law; nor shall money raised
by taxation, loan or assessment, for one purpose,
ever TO be diverted to another.
SEC. 6. No property shall be appropriated to the
use OF a municipal corporation, until compensa-
ton therefor be first made in money, or FIST Sc
cured by q deposit of money, 10 be assessed in
the manner and by the rule prescribed in section
Of the bill Of rights.
ARTICLE XII.
PRIVATE CORPORATIONS.
SECTION /. The general assembly shall pass no
special act comforting corporate powers.
SEC. ?. Corporations may be formed under
general laws, out such laws may, from time to
time, be altered or repealed.
SEC. ). Dues from corporations shall be secured
and other means as may be prescribed by law;
but, in all cases, each stakeholder shall be liable
over and above the stock by him or her owned,
and any amount unpaid thereon, TO a further sum,
at least equal in amount to such stock.
SEC. 4 No property shall be appropriated to
the use of a corporation until full Compensation
therefor be first made in money or first secured,
by a deposit of money, to the owner, irrespective
OF any benefit from any improvement proposed
by such corporauon; which compensation shall
be ascertained by a jury Of twelve men, in a court
OF record, as may be prescribed by law.
SEC. 5. No act Of the general assembly author
izing the issue Of bills, notes or other paper,
which may circulate as money, shall take effect
ton next succeeding the passage thereof, and APP
proved by a majority OF the electors voting at
paper shall be fully secured by the deposit Of such
securities OF the United States or Of this state, as
may De prescribed DIV law
SEC. o. The directors Of a corporation shall he
chosen at one time by q general ticket. At cleo
tons for directors, each shareholder shall have as
many votes as the number Of shares held by him,
multiplied by the number of directors TO he
chosen, and may cast all his votes for one candi-
date, or distribute them as he may see fit.
SEC. z. Foreign corporations may be authorized
10 do business in this state, under such limitations
and restrictions as may be prescribed by law; and,
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 franchises than may be ex-
ercised by like corporations Of this state; nor shall
they have power TO condemn or appropriate pri-
yate property.
SEC. s. The general assembly may, by general
law, subject to the provisions Of this constitution,
extend the existence OF societies for savings.
created prior to the first day Of September, one
thousand eight hundred and hfty-one, whose
charters are subject TO alteration ameDdment IN
repeal. No other corporations Of this state, in
cOrpOrated prior to the first day Of May, one
thousand eight hundred and ffty-tWO, shall have
which shall hereafter be passed, except laws
regulating judicial procedure, unless they shall
reorganize under and subject to the provisions OF
SEC. 9. No ohicer or agent Of any company
owning, operating or using a railroad within this
state, shall be interested, 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 passen-
ger, or as a stockholder, bond creditor or employee;
nor in any arrangement which shall afford more
advantageous terms or greater facilities than are
offered and accorded to the public; and an con-
tracts and arrangements in violation Of this section
shall be void.
SEC. 10. Nc railroad company shall consoIidate
with another, having a line parallel or competing
with It's own; or lease, purchase or control such
hnei and no oricer OF a railroad company shall
ACT as an omcer OF any other company own
ing or cOntrOllinga parallel or competing line; and
no railroad company shall do business in this
state, which shares its earnings, in any manner,
with a company owning or controlling a parallel
or competing line within this state.
SEC. IL. No foreign corporation shall carry on
the business of transporting persons or property,
or Of tclegraphing, mining, manufacturing or in
surance in this state, except while Ii maintains
therein an office, where, or on the person in charge
OF which, process may be served in any action or
legal proceeding instituted against il: nor Alter II
shall cause or procure to be removed into any Of
the courts Of the United States a proceeding insti-
tuted by or against IL, in any court Of this state,
upon a cause Of action arising out Of such business,
which q corporation of this state, if a party to such
proceeding, might not cause or procure 10 be so
SEC. u. The general assembly shall pass laws
to correct abuses and prevent unjust d~iscrimina-
ton and excessive charges by railroad companies
for transporting freight and passengers; and shall
provide for enforcing such laws by adequate pen
alties and fOrfeitures.
SEC. Is. No corporation shall issue stocks or
bonds, except for money or property actually re-
ceived, or labor done; and all fictitious increase Of
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 holding the
larger amount in value Of the stock shall be OBJ
tanned, at a meeting held after notice given, for q
period not less than sixty days, in pursuance of
law.
SEC. IA. Persons and property, transported
over any railroad, shall be carried 10 any station at
same class and amount OF transportation of per
SONS and property in the same direction, to any
more distant stations but excursion and commu-
tation tickets may be issued at special rates.
ARTICLE XIII.
REVENUE AND TAXATION.
SECTION l. The general assembly shall provide
for raising revenue 70 defray the expenses of the
state for each year, including a sum sufficient to
pay the interest on the state debt, and so much,
at least, OF the principal thereof, as is provided for
in article eight OF this constitution
SEC. 2. The general assembly shall never levy
a poll tax for county or state purposes.
SEC. ). Laws shall be passed, taxing by a uni
form rate all real and personal property, according
to its value in money, to be ascertained by such
rules Of appraisement as may be prescribed by the
general assembly, so that all property shall bear
an equal proportion of the burdens Of taxation;
provided, thar the deduction Of debts from credits
may be authorized.
SEC. 4. The general assembly may provide by
general laws for exemption 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 exceed
ing two hundred dollars for each individual; but
such laws shall be subject TO alteration or repeal,
and the value of property so exempted shall, from
time to time, be ascertained and pu blished, as
may be directed by law.
SIC. 5. The general assembly may impose taxes
by license, excise or otherwise, and also provide,
by equitable rules, for taxing franchises and in
come derived from Investments, when the prin-
cipal from which such income is derived can not
be taxed.
SEC. g.. Banks and bankers shall be taxed by
such equitable rules, based upon capital employed
and business done, as VIII require them to share
equally with other persons in the burdens OF taxa
ton; but this provision shall not prevent the taxa
ton Of shares of stock in any bank.
SEC. Z. The general assembly may, by special
tax, assessment or otherwise, regulate, restrain or
prohibit the keeping, harboring, OF running at
large Of dogs.
SEC. 8. No tax shall be levied except in pursu-
ance of law, and every law imposing a tax shall
state distinctly the object Of the same, to which
only it shall be applied.
SEC. 9. The stale shall never contract any debt
for purposes Of internal Improvement.
ARTICLE XIV.
LEGISLATIVE APPoRTIONMENr AND REPRESENTA-
TON.
SECTION /. The apportionment for members Of
the general assembly shall be made ever ten
years, after the year one thousand eight hundred
and seyenty-twO, in the manner hereinafter pro-
vided:
SEQ; ?. The population of the state, as ascer-