The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1885-07-16

for the Indebtedness Of such corpnrations 10 the
amount OF their stock subscribed and unpaid
| and no more; provided that the liability OF
stockholders of banks aud banking inslifsiions
| may be increased and enlarged by the LegisIa-
lure.
SEC o. The directors Of q corporation shall be
chosen ut one time by general ticket at eleetiOns
for directors, each SHAREHOLDER shall have -
many votes as the number OF shares he'd by
him multiplied by the number Ot directors stD he
chosen. and may cast all his votes fur Ons can
dldae or distribute them rs he sees dt.
SEC. Z. No property shall be Appropriated tO
the use Of corporation until full cnmpen saaion
therefor be first made in money, or irst secured
by u deptsit of money, to the owner irrespective
of any benefit from any improvement proposed
by such corporation, which compensation }shxll
be ascertained by n jury Of twelve mers in
court OF record rs may be prescribed by laV.
SEC g. The exercise aud claim oi the rgSt OF
eminent domain by any corporation shall cdnst-
tute the domain occupied aud used by suck cor
poraton public highway, ani the pr"pcrtysand
franchises of such corporations may be subec,ed
to public use by the Legislature, which may also
correc, abuses bv such companies. prevent, un-
just determinations and protect the jus< rights
ut the public by laws with adequate penalties
and ftIreitures.
SEC y. No company operating public l&gh-
way shall cOnsnlI late with any other havS{g
line parallel I" competing with its own or k{asc.
purchase or control such line; ani no OtflcsT OF
suCu company snail act AS All ofI1cer Ot any Sher
company"wning or C ''ntrolliug p ,raIel or s4'm
pellng line, and no such company shall do Ausi-
ness IN this State which shares its earnings in
any IN amer with company owning or cOrrol
ling parallel or competing line withlns this
St.Le. !.
SEC. TO- No corporation shall issue stock4 or
bonds except Tor IN mey or pr 'perty acuAi& re-
ceived, or labor done; aud all fictitious iucrra.e
Of stock or Indebtedness shall be void The
capital stock OF corporaIiOns may be incret tse1
by giving at least sixty days puDIic notice Fur
suanl to laws To be enacted
SEC. IL. The issue 0t bills nnteS or other
paper which may circulate money is pf0s!ib
tied unless by vrte at the people q general
election the same snail be autnUriZ I'll auI Jap
proved by ma jhrlty of the vbters al sucn esec
lion; aud the redemption Oi such papcr sh u, be
fully secured by the deposit ut or bujlpn
or such securities OF the Untted States or of:lhis
State as may be prescribed by law.
SEC IL. NJ foreign corporation shall carry en
the business of common Carriers, or upon public
highways, rs Managers O)er ltOrs nr owners of
any Easement thercon, nor engage in any din
Ing, manu-, acturing or insurance in this S*sie,
except w:liie It III IntAins mere office wn4rt
or II the person IN CHI lrge OF whicn, proc "
may be served in any action or legal procsSed
ing instituted ag tinst it. q
SEC. IL. The provisions of this Article stall
apply To foreign rs we'll as dom :stc compailies,
wherever applicable, and the words com, ,n,aies
OF corporations sh Ill include joint stuck amt all
other Concerns having rights ani powers other
than those ot partnerships or Individuals
MIR. Love Cnairinan OF the Committee Ou Mis-
mended the adoption of the accompanying Erii-
Gle