, 1889-08-29
ARTICLE Mi.


| hh'Sl IVIVFal laws, Dlt Snnl' llOt pc cltHtNi
by special acts All laws relating to corporu;;
tiolH may be altered, amended or repealed
by ne LEGISLATURE NJ amy time, and all cor
rs TO such business bo regulated, limited or
restrained by law.
SEC. 2. All existing charters franchises,
! special or exc !usive privileges. under which
an octuai and bona Hide Organization shall
not have taken plucc, and business bcon
c9mmcnccd ~ good faith ut tho time OF the
ndoption oi ms constitution shall thereafter
SEC. 3. Tho legislature shall not extend
any franchise OF. charter, nor remit the for
| fciturc OF any franchise or charter o any
corporation now existing or which shall
hereafter exist under the laws of this state
SIC. 4. Each stockholder In al incorpor.
nted compnnies except corporations organ.
tied for banking or Insurance purposes
shall be Jointly aud scycrdlly liable for tho
debts Of the corporation TO the amount OF
] his unpaid stock aud 10 more, and one or
more stockh oldcrs may be joined MS parties
deiendnnt In suits 10 recover upon this
SEC. ). The term corporations, as used I'm
this article, shall be construed 10 include all
associations AZ Joint stock c9mpanies, hay
porati6ns @ not Possessed S BY indiSidn@lsV sc, or
partnerships, and all corporations shall have
the right TO sue and shall be subject to be
sued, IN all courts, In Ike eases US natural
1 persons
SEC. g, Corporations shall not issue stock,
! except to bona iidc subscribers therefor, or
their asslgnccs nor shall any corporation
pnyment NJ NANCY cNnon, Tor n,nnnv ar
! property received or labor done. The stock
cent in n,,rstinune nf n gnuornl inv nor
shall any law authorize the increase OF stock
WITHOUT the consent Of the person or persons
stock nor witho,t ',c ,,o,icc ~ Ia V
! Increase hoyimg been previomsly aiyon in,
s,,ch "a ns,,n, 4 49,! pr. ,is fnvii ~ a'
| Ali dctiti",is increase Of pstoek op iipdsbted.
mess shall bc Void - W
SEC Q; No corporation organized outside
transact bnsInoss Within the sta," NJ, more
fovorabie condition. than are preseribod by
law to similar corporations organized under
SIC s. No CORPORATION shall lease or
alternate any frnuchise' so as To- relieve the
franchise or pronorty held therennder from
tho liabilities of iess6r or arantor Iessne ar
grantee, contracted or inciIrrod a., the oper.
ntion, use or cnioyment OF such franchise or
any OF its privileges.
lonn It's credit. nor sbmli n snbscpibc tn nr bc
interested iu tho Stock OF nnv connnnv
association or eorporntlon' "' N'''''
Src. 10 Tho cx"rniss ~ tho riyht NJ or,i.
nent domain shall unvor be SO nbrieed or
construed as to prevent the iceislatnre from
norItsd ",,, % a,'3 .,,Ii,i,Sa " ~
nuniic i,sc n" ", % f a., W.
dividusis' Wv '"'''' It" '''0 P'"PN''s VI Az
sEr II M co-ror,t,o, os,oo,,,ior -,
indIyidnal shol, po Dr , ~,
ne n,onc, a,,,tit ~ ~ nui ~ uLsula,ioI,
,hn i'nt,?p plft,lnS puI tho IhWtni money OF
m.tru W. 9tateS, Each sIosRnoluer OF any
stoc', h % or yotn,
psr.nnaiiv WsiIa, S,,,s ,i ~ u ihu3irnui! ,ii! anu
nnd engat,cn,c,,ts III nnr,,,, .s,u.ts, uoDss ~
nssocin,lo ,,,cr,j, W ~ ,i IL ,,, w
stookholderS tn ,,sowyn wmit MY ~ M re,ii,, s,cn
ti"ir 'tn'b - 4 w. ,o t,,u .N.Sit W 'nc hIutlnl ol
in addition ~ IN a, W., , ~ fIr nntuY ,nsre3l
share w '''S "i'ou"' ih'esteo ih such
Syc. 10 Anr n-osiho,t d,roo,or ,,,or-
arcr rashtcr Cr a,bas o,,i' , nitsu. n,tu.
y, ILL, ~ o.tVI ONT. OF any nanklng
inc roccntinn ~ OF nssehe II ~
Erowledee Of IN" foct thst si,eb s'i haritn nn1v
institttiSn a. ipsnSye",t NJ ~ .'n' M sa su'n pdnKimg
sianceS sh III ~ or IN Ialing eircuni.
surh donnsits 20 ,s,,ai,,nl iesPohsip'c iVI
SEC IL XII raiIyosT cana, o,d o,,o-
transnnrtat,nn ,c,rno,,i ~, N"nni ann sf atl os"el
bs common "arrin,p nnI arG uee,frou 10
tIye cnmtroi ,e"a u,,T su,iect 10 legls.a-
ton organized for the pnrnosc. ~ nnder ne
laws o{ tbis s,a,n shni p. unueI tne
,r,,,,,., ~ i. ''.s stu'c, ,u"il uuNe tne rignt 10
other tn, ~ .he ssate ln1 Win th railroads Of
have the ripht WIN ia mad =. .botEor rrbn ~
,',,,s, r,,,,,, m ol may nerVuitcr ne
WITH nny athcr m int1irsvr r,irna cr0Ss @ or eonnSGt
railroads are OF the same or s,,miIar ga,,ga
they shall nj ali e.oss.mys and a , s, sT,uge
where railroad shall BEGIN or terminats
at or near any other railroad form nrn"er
connections 10 thnt the ear. ~ n, anp s,p"h
railroad colnpanirs ,nny he sneediiv 'trnns
ierrcd from one railroad to another. All
mort eaeh liz oiHer' n,ssc,,oor anu , u,uns,
and cars, without DELAY or discriminntio7'
SEC, ID No railroay comnanv ~ ctSn.
common cnrrier shall combine or p,aks NM
contract with the owners of amy vessel that
leaves port or mnb"s nort in fbie a'i,s az
with aily common carrier NV ,vhich ,'n,1 W.
bination or contract the enrntugs of cue
doing tho parryino, arc To- NO shnrnsJ h, Vte ~
other NOT doinu mo cnrrvino, ~ ''N
SEC. is. No cscriminatiSn In obaroos or
fariiitias fnr ,r,n.narta ti, II II oi'ilBSs or
any railroad or nthnr tr,ur s.,aI. ~, laae py
pany' between places or nersnns or in ~ ~
facilities for thn trnnsnortotion - ,i 80 @ s..o
classes of freight or russonyers ,vt,b,,, ,,c
state, or coming from or yninv 10 INV ,ba, t,r
state Persons and properfy trnnsnorted
over any railroad or bv any otb,r trons,,.,, ~
tntlon company. or indiyiduaI shall he PJa.
liypred nj nuy siatton Inndin,, ,.'' ~ -. 80 W
charges not cxceeding for Tho iransnpr,utic =, ~,
of persons and pronrity of rho snr,n q oiass n;
the same direction. 10 any n,mro a;s,an, ~,
commutation ticLets ,nn,. he issned az ui ni,,
rates, Nv 'P'''"'
SEC l6 No rofiroad cnrnoration sh,it
consolidate lis stock pronertv or 1rorch1sd
with any other railroad eorporotlon onSni,,s,
n competinr line W. F''"''o" '"hins
SIC. IL S;rhn rolling stool, o,a o,
movable property beionging tn ,"'v ro a. U,'e5 ss,
company or rornorntin,l In ,,is s,yo,a IN
be considered personal pr,nrrtv AMI s,,ii
be liable 10 taxation nn4 ~ axyno,1,in, ,,,i
to sale in the same manner ss thc ncr.o,ni
property OF indiyidunis and sncb p,nr. ppramor,
shnil not he eSemntod fron, oxon,,, ,ptuPs.tS
snle, ~SN"''h "'iu
SEC ls The Ieeislnture shall noss ,,,,s
establishing roasonahle mavim,,,pp ia ra ,i "2 ~
charges for the trnnsportation OF passanSops
vent discrimination md cxtortion IN tho rpptes
OF freight and passenger taritfs on Tho al fter'
chi railroads md other cnmmon M oors srr ulner-
The stat and shoII onforna ,,,o, I,"rLvrs In IN
adequate penalties A railroad and trans, ~
ma a. ,,n,,.,,rs ,',.si Il. ~ SStmpiisheu