Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1885-10-09
ARTICLE XVII.
CORPORATIONS.

SECTION !. No corporation shall be created
or have its charter extended changed or amended
by special laws except those for charitable, edu-
%catlnnal, penal or reforlnator. purposes, which
are to be and remain under tho patronage and
control of the state; but the legislature shall pro.
vide by general laws for the organization of all
corporations hereafter to be created.
sEc.2 AL existing charters, Or grants of
special Or exclusive privileges, under which a
place and business been commenced in good faith
ct the time this constitution takes effect, shall
thereafter have no validity.
PFC. s. The Legislature shall not remit the for
iellure OF the charter OF any corporation now ex-
ie1ns nor alter or amend tho same nor pass any
otlef general or special law for the benefit Of
such corporation, except unon the condition
that such corporation shall thereafter hold us
charter subject to the provisions of this cousti-
tuition.
SEC. 4. The exercise of the right OF eminent DIV.
man shall never be abridged or so construed as
to prevent the Legislature from taking the PROV.
city and franchises of incorporated companies
aiia sublecilnG them to public use, the same MS
tile psoPafty OF individuals: and the exercise of
NE police power of tho state shall never be
abridged or so construed as to permit corpors-
lions 10 conduct their business in such mpnnrr
as to 1afringe the equal rights of individuals or
tns general well being Of the state.
nEo' o. IN all elections for directors Or man.
- ' soAShs SuNH lrIQDt IL kIH f-
s"ioer may cast the whole number Of his votes
Tor one candidate, or distribute them p1n,n Two
or more candidates MS he may prefer.
nEc.e. Ns foreign corporation shall do aay
Iu.9ms ~ inns state without having one or more
Ahown places OF business and an authorized
agent or agents in the same upon whom proces,
ln3y be served. 'N'
SEC. 7. No corporation shall engasein anr husi-
ness other than that expressly authorized in its
CHARTER nor shall it take or hold any real estate
EXCEPT such as may be necessary and nronar fo,
Its ieiaiiinnt" business. At
ear.s. No corporation shall Issue stocks n,
oonts except for money, labor done or money
in pcupst of s a9s3al ay j ;nd ~: and all hetictious
me stock and indebtedness OF corporniinn ms s sih1Ii
hot he increased except in pursuance Of general
nor without the consent of the persUns hold.
lls tne larger amount in value of the stock first
at q meeting to be held after sixty
lays, NOTICE given in pursuance OF law, 'iAvs
SEC. .. The legislature shall have tbo n,,,,or 70
ii.er, fevlse or annul any charter # any CORPORA.
lon nov existing and revocable at the takinrp a.
.c1 OF TINS constitution, or any that may h. ere
o.a " ma ,sn IN their opinion it may be- iniur-
,er. how sav er'i ZEN OF !h!s state; in such a man
,e iacorporators. No lawiherealter enacted shall
ne corporation. "oie tiian
-, SEo. ~. No law shall be passed by the le.;sla.
street s" raiirsoa vds v iiEio to ,1 construct nt t and operate
A.ai4 any tlIN. J1Wfl nr nrnr
o 81 village, without requiring the conse lnto u;
.e Local a. authorities having the control Of tba
rect or highway proposed to be occmni"d ' bs
en- street railroad. 0'.opieu u!
\, yEG ~ H. Any association Or corporation orpon-
c, "a Ior NE purpose, or any individual siI aI1
Ve Inc right to construct and mn;nta;n otat
e1sraPh n this state, and to Gonna, H. nnes %
Uanef lincs; ana tho legislature shall Inv ran
a an o. UNIFORM operation provide reasn ena
elsgraph com, gipe s XXX effect to this section.
= u controllinginteres in INC steuIse with, or
my 1 Graef telegraph company own;n win r = ponds nc.
other com M acquire by purchase or otEEer uGm-
y. Every raiiroad' y, telesraph.
,hariHsv n.1Msiness in tits state e' nnder no Organised
oi}iraS ~ rhSreof shall have and mn;;n e,G lhws Or
business . Wbd ~ this state for the transac = nun o.
lido. and il wI,ieD t shnn Or OF it's stock shall be
lount o of lnwhich shall be VI recppuuRlio In
the ealntai stock subscrihsesd1 ru an me
c amount vue names amess Of the owners Of is sto ana bS
mo mt q stock FsG pa ID tn them and 5e;ipsotiyels;' tho tho
ID 1ieI; Of said Stock; the amu, ny whom; the
snc s," nf ~ and the nalne and u9 1n Its assets
oud corporutio Ie, . 49,, The directors Of eve ", resi- re;'-
nder oath, to the sn a ;%asnnually make a report.
f ,i 9 thn; or officers to be- ahuG;llc accounts, or
nelud Ca's snc acts and doings, WIFI a.ea by law;
my be prescribaediI g Ss relating, to railroads s.a aa
hall pass laws enfuyc law, and the Legislature
SEC. "A st'1 wv OF this section. 0"oAe penalties
Die = pro ,Ss me rolling stock. and al, o.,-
,r cornnrat neionying to any rn;iro oSher nova
persnnnI 'n.ioh IN this state, Shall ihi u company
and and pro property, and shall be liiapbeeo considered
nrone miu SAFE IN the same man 70 liable to execu-
bass pss1 no ,a oi individuals, and the las as the personal
eeuuon and sale, s euch property from az.
date aei is is st. No No railroad corporation shall
other ]ra iiuun psoperty or franchiseess w GIG%ns oil
idat}Hnn ilnei and in no casa c"ai LIZ . parallel O
eiven u, ake place excent as nr sn,lll any consol
IN n, ,,,cS W az least sixty DAYS to op POI PUBLIC motto
attemn,t ~ Tanner as may be proyi !, shtoGkholdert
by nnv ~ W evade the provisions n = ~ law. An
wise. shn "uIlr ,o corporation, by Is,s inns section
SEQ sI " RWork a forfeiture 81 tie lease IS or othel
are h n..S hereafter be CONSTRUCTED constructed, {
railroa r1ny declared public h;nIIn IN this stat
cIarrd ~ aho transportation comSnnnmlys, and g
isint;v a w ue common carriers and panies are d
power To control an and the Ieg;sIntnssea nlect to lie
| tho r.ta az enaSt laws regulating onS shall ha
uass .n,es 90 OK charges for the ,ra ana contiolli
from nsers and freight, as such eansportation
ize n a. ~. any association or c nrn STATE.
strnc " = We purpose shall have ~ ora!lon orga
VIM Ia operate a railroad he tIe right to &C
wiz ~ ;his state. and to connoot any poil
"nn railroads of other statec' az the state II
t ersapnt shall have the right n;.h Every rsilrt
snS ~ connect with or crnss WIN lts road to
nass snali receive and transnorath Guy oIheT railro
w;tSa,s tonnage and car zach the 9th.
"tSS, no ae41S , or discliminaaioen, loaded or eml
0Ec' 1' Ihe legislatn.a sSni1