The Findlay Jeffersonian. [volume] (Findlay, Hancock County, Ohio) 1870-1881, 1874-05-29
No. 3.

owned. and any amount unpaid thereon
To further sum, at least equal in amount
TO such stock.
See. 1. Noproperty shall be appro
priated 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 corporation; which eOmpensa-
ton may be aseertained by a jury of
twelve men, III court of record. as
shall be prescribed by law.
Sec. ). No'aet-of the general assem-
bly, authorizing the issue of bills. notes
or other paper. which may circulate as
money, shall take effect until submitted
To the people, at the general election
next succeeding the passage thereof. and
| approved by majority of the electors
voting at such election; and the redeInp-
ton of all sueh paper shall be fully So
cured by the deposit of such securities
| of the United States or of this State. as
may be prescribed by law
Sec. 8. The directors of a corpora
ton shall be chosen at one time BY gen
eral ticket. At elections for directors,
each shareholder shall have as many
votes as the number of shares held by
him, multiplied by the number of direct
Ors to be chosen, and may east all his
votes for one candidate, or distribute
| them as he may see fit.
Sec. Z. Foreign corporations may be
authorized to do business in this State,
under such limitations and restrictions
as may be prescribed by law; and, as to
contracts made or business done in this
State, shall be subject to the same reg
ulatiOns, limitations, and liabilities as
like corporations of this state; and shall
exercise no other or greater powers,
privileges or franchises, than may be ex-
ereised by like corporations of this State;
nor shall they have power to cOndem or
appropriate private property.
Sec s. The general assembly may.
by general law, subject to the provisions
of this constitution, extend the
existence of societies for saw
ings, created prior to the first day
of September, one thousand eight hun
dred and tifty-one, whose charters are
subject 10 alteration, amendment or re-
peel. No other corporation of this State,
incorporated prior TO the first day of
May, one thousand eight hundred and
tifty-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 subject
to the provisions of this constitution.
See. 3. No officer or agent of any
company, operating or using a railroad
within this State, shall be interested, di-
rectly- 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 cred
itor or emplOye; nor in any arrangement
which shall afford more advantageous
terms or greater facilities than are of
fered and accorded to the public; and
all contracts and arrangements in viola
ton of this section shall be void.
Sec. 10. No railroad company shall
consolidate with another having a line
parallel or competing with its own; or
lease, purchase or control such line and
no officer of a railroad cOmpay shall act
as an officer of any other company OWL
ing controlling a para llel 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 paral
lei or competing line within this state.
Sec. IL. No foreign corporation shall
carry on the business of transporting
persons or property, or of telegraphing,
mining, manufacturing or insurance i'll
in this state, except while it maintains
therein an office, where, or on the person
IN charge of which, process may be ser
we'd in any action or legal proceeding
instituted against it; nor after it shall
cause or procure to be removed into any
courts of the United States proceed
ing instituted by or against it in any
court of this state upon IA cause of action
arising out of such business, which a cor
pOratiOn of this state, if a party to such
proceeding, might not cause or procure
To be so removed
Sec. II. The general assembly shall
pass laws to correct abuses ard prevent
unjust discrimination and excessive char
ges by railroad companies for transport
ing freight and passengers, and provide
for enforcing such laws by adequate
penalties and fOrfeitures.
Sec. Is. No corporation shall issue
stocks or bonds, except for money OF
property actually received, or labor
done: and all fictitious increase of stock
or Indebtedness shall be void. The stock
and bonded Indebtedness of corpora
tions shall not be increased, except in
pursuance of general law; nor until the
consent of the persons holding the larger
amount i'll value of the stock shall be OBJ
tanned, at a meeting held after notice
given, for a period not less than sixty
days, in pursuance of law.
Sec. ii. Persons and property trans
ported over any railroad, shall be car
ried to any station at charges not ex-
ceeding in gross the charges for the same
class and amount of transportation of
of persons and property in the same di-
rectiOn, to any more distant station buy
excursion and Communication tickets mat
be issued at special rates:
ARTICLE XIII.