Fayette County herald. [volume] (Washington [Washington Court House], Fayette County, O. [Ohio]) 1860-1???, 1876-04-20
ARTICLE XII.
PRIVATE CoRPoRATIoNs.

SIC. 1. The general assembly shall pass no
special act eonferring corporate powers
SEC. 2. Corporations may be formed uhder
general laws, but such laws may, from time to
time, be altered or repealed. 10
SEC. 3. Dues from eorpOratlonS shaI pc
secured by such individual liability OF the
stockholders and other means as may pc pf1e
seribed by law; but, in all cases, eaen slock1-
holder shall be liable over and above the stoc5
bv him or her owned, and any amount unpaid
thereeny tefa further sum, at least equal IN
amount to such stock. =, ez5s ..,
Sec. II. No property shall be appropriated
to the tise of a corporation until full eoMpeh-
sation therefor he first made in money or nrst
seeuredi by a deposit of money, to the owner owner
irrespective of any benefit from any 1Inpfoye-
nlent proposed by such cerporatlon;1 Rhicn
compensation shall be ascertained by A jury OF
twelve men, in a court of record as may DC
prescribed BY Law.
SEC. 5. No act of the general assembly au-
thorizing the issue of bills, notes or otheT
paper. which may circulate as money. shall
take effect until submitted to the people. at
the general election next succeeding the pas
sage thereof. and approved by majority o, on
the electors voting at such election; ana 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 pc
SEC. s. The directors of corporation shall
be chosen at one time by general ticket AT
elections for directors, each shareholder shaN
have as many votes as, the number oil shares
held by him, multiplied by the number OF
directors to be chosen, and may cast an MS
votes for one candidate, or distribute them, as
SEC Z. Foreign corporations may be ,au-
thorized to do business in this state, under
such Limitations and restrictions as may be
or business done in this state shall be subject
to- the same regulations, Limitations and 1ia-
bilities as like corporations of this state; and
shal! exercise no. other or greater powers;
privileges or franchises, than may be exercised
1 by like corporations of this state; nor shal
they have power to condemn. or appropriate
SEC. 8. The general assembly. may, by gen
eral law, subject to the provisions of this con-
stitution, extend the existence of societies fol
TEN Der. one thousand eight Hundred and fifty
4 one, whose charters are subject to alteration
amendment or repeal. No other corpprationi
4 day of May one Thousand eight hundred anC
4 fifty-tWo, shall have the benefit of any law
passed since that date, or which shall here
| after be passed, except laws regulating Judi
eial procedure, unless they shall reorgauizt
under and subject to the provisions of thi
SEC, 9. No officer or agent Of any compan!
i owning. operating or using railroad within
this state, shall be interested directly or indi
4 reetly, either by himself or associated witt
others, in the receipts, contracts or earning
i of such company, otherwise than as an ordi
nary shipper or passengers Oras a stakeholder
bond creditor or employe; nor in any arrange
ment which shall afford more advantageou
terms or greater faeI!ltles than are offered an
accorded to the publiei and all contracts an
arrangements in violation OF this section shal
be void.
date with another. having a. line parallel o
competing with its oWp: or lease, purchase
or control such line; and no officer of a rail
road company shall act as an officer of an
other company owning or controlling parel
lei or, competing. line; and no railroad com
pany shall do business in this state whic
= shares its earnings. in any manner, with
81 lJc0mpany owning controlling n parallel O
competing line within this state:
SEC. II. No foreign corporation shall carr
j | on the business of transporting persons @
property, or of telegraphing, mining, manu-
featuring or insurance in this state, 5exceT
while it maintains therein an Office where q
, on the person IN charge of which, process ma
he served In any action or legal proceeding in
stttuted against it; nos after it shall cause
procure to be removed Into any of the court
''i of the United States a proceeding institute
by or against it, IN any court of this state. upo
! ! u cause OF action arising out of such busines:
Z which n corporation of this state, If a party
! such proceeding, might not cause or procui
: to beSof removed. F.. 5tz s7z,4sE
SEC. 12.4 The general assembly shall pas
laws to correct abuses and prevent unjust dii
. crln1inatiOn and excessive charges by railroa
companies for transporting freight and pa
sengers; and shall provide for enforcing sue
e laws by adequate penalties and foTfeitures.
i 7 SEC. To- NO corporation Shall issue EtOci
= OF bonds, except for money or property actua
! 1 " received. or labor done; and all fctitiOI
, increase of stock or Indebtedness shall be voi(
!. | The stock and bonded Indebtedness of eorpi
ratlonS shall not be increased, except in pu
c suance of general law; nor until the consel
u of the persons holding the larger amount
= value of the stock shall be obtained, at
= meeting held after notice given. for u peril
> not less than sixty days, in pursuance of IaI
j SEC. II. Persons and property, transport
s over any rallroads shall be carried to any ST
r ton at charges not exceeding in gross Il
4, charges for the Same class and amount
= transportation of persons and property in Il
II excursion and communication tickets may 4
- issued at special rates.