Los Angeles daily herald., 1875-06-06


general laws passed pursuant to this
section may be altered from time to
time or repealed.
SEC. 9. Each stoclkholder shall be
individually and personally liable for
his proportion of all debts and liabili-
ties of a corporation created or incur
red while he remains such stock
holder.
SEC. 8. The exercise of the right of
eminent domain shall never be
abridged, or so construed as to prevent
the Legislature from taking the prop
erty and franchises of corporations
and subjecting them to public use, the
same as the property of individuals;
and the exercise of the police power of
the State shall never be abridged, or
so construed as to permit corporations
to conduct their business in such man
ner as to infringe the equal rights of
individuals or the general well-being
of the State.
SEC. 4. In all elections for directors
or managers of corporation, each
member or shareholder may cast the
whole number of his votes for one
candidate, or distribute them upon
two or more candidates, as he may
prefer.
SEC. 5. No corporation shall engage
in any business other than that ex-
pressly authorized in its charter; nor
shall it take or hold any real estate.
except such as may be necessary and
proper for it's legitimate business.
SEC. 6. No corporation shall issue
stocks or bonds except for money, la
Dor done or property actually received;
and all fictitious increase of stock or
Indebtedness shall be void. The stock
of corporations shall not be increased,
except in pursuance of general law,
nor without the consent of the persons
holding the two thirds in value of the
stock, first obtained at meeting to be
held after sixty days notice given in
pursuance of law.
SEC. Z. No railroad or telegraph
company shall consolidate with or
hold an interest In the stock or bonds
of any other railroad or telegraph
company, nor shall the same persons
be officers in corporations owning
competing lines of railroads or tele-
graphs.
SEC. s. No railroad or telegraph
company shall lease, or in any man.
ner manage or control the railroad or
telegraph line of another company.
SEC. 8. All individuals, associations
and corporations shall have equal
right to have persons and property
transported over railroads; and no un-
due or unreasonable discrimination
shall be made in charges for, or in fa-
cilities for transportation of freight or
passengers within the State or coming
from or going to any other State.
Persons and property transported over
any railroad shall be delivered at any
station, at charges not exceeding the
charges for transportation OF persons
and property of the same class in the
same direction to any more distant
station; but excursion and commuta-
ton tickets may be issued at special
rates.
SEC. 10. The Legislature shall pass
statutes to correct abuses and prevent
unjust discrimination and extortiOn
in the rates of freights and fares on
the railroads in the State, and provide
for the enforcement of such statutes
by adequate penalties, to the extent,
if necessary for that purpose, of for
feiture of property and franchises.
SEC. II. Every railroad corporation
organized in this State shall maintain
an office Il rein where transfers of its
stock sha. be made and where its
books shall he kept for inspection by
any stockholder or creditor of such cor
poration, in which books shall be re-
corded the amount of capital stock
subscribed or paid in, and by whom,
the names of the owners of its stock,
and the amounts owned by them, re-
spectively, the transfers of said stock,
and the names and places of residence
of its officers.
SEC. 12. All railroads shall be public
highways, and all railroad companies
shall be common carriers. Any cor
poratiOns organized for the purpose,
Shall have the right to construct and
operate railroad between any points
within this State, and to connect at
the State line with railroads in any
other States. Every railroad company
shall have the right with its road to
intersect, comet with, or cross any
other railroad; and shall receive and
transport each others passengers,
tonnage and cars, loaded or empty,
without delay or discrimination, in
such manner as may be prescribed by
general statute.
SEC. Is. No President, Director, Of
ficer or employe of any railroad COM
pany shall be interested, directly or
Indirectly, in the furnishing of mate
rial or supplies to such company, or in
the business of transportation as a
common carrier of freight or passen-
gers over the works owned leased, con-
trolled or worked by such company.
SEC. IA. No railroad, railway or
other transportation company, shall
grant free passes, or passes at Gis-
count, to any public officers.
SEC. Is. No foreign corporation
shall do any business in this State
without having one or more known
places of business, and an authorized
agent or agents in the same, upon
whom process may be served.
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