The Republican. [volume] (Oakland, Md.) 1877-current, 1891-08-14
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CHAPTER laI.
AN ACT to amend section forty-eight, OF arti-
Gle three, of the Constitution ofthis State.
SECTION J. Be HcHuctcd dD tie Gcnrr0 is
SehnbiY Of MdrUiuHd. Threr-tifthS OF all Tia e
members ofthr two Houses cOncurrng, that
the following section he and the same is here
by proposed as an amendment to the Con-
Stitution of this State, and if adopted by the
legal voters thcreofaS herein provided it
shall supercedc and stand in the pace and in
stead of section forty eight of article three of
laid Constitution
SECTION 4S. Corporations may be formed
under general laws, but shall not he Great d
by special act, except ior municipal purposes
and except in cases where 40 general laws eX-
ist. providing for the creation of corporations
of the same general character, as the cOrpor-
atlon proposed TO be created, and any act of
incorporation passed in violation of this sec
tion shall be void, all charters granted. or
adopted in persuauce oil this section, and all
charters heretofore granted and created, sub
ject to repeal or modification, may be alterd
from time to time. or be repealed; Provided
nothing herein contained shall he construed
to extend to Banks, or the Incorporation
thereof, the General Assembly shall not alter
or amend the charter of any corporation eX-
listing at the time OF the adoption of this arti-
Gle, or pass any other general or special law
for the benefit of such corporation, except
upon the condition that such corporation
shall surrender all claim to exemption from
taxation or from the repeal or modification
of its charter, and that such corporation shall
thereafter hold its charter subject to the pro-
visions of this constitution and any corpor-
alton chartered by this State which shall ac-
cept use, enjoy. or in anywise avail itself OF
any rights privileges or advantages that may
hereafter be granted or conferred by any gen.
eral or special act, shall be thereafter subject
to taxation as If no such exemption has been
granted by its charter.
SECTION 2. And be il Jttrther enacted by the
authority aforesaid, That the said foregoing
section hereby proposed as an amendment
to the constitution shall be, at the next gen.
eral election held in this State. submitted to
the legal and qualified voters thereoffor their
adoption or rejection, in pursuance Ofthc di-
rectionS contained in article fourteen of the
Constitution of this State, and at the said
general election the vote on said proposed
amendment to the constitution shall be by
ballot, and upon each ballot there shall be
written or printed the words "for the conSti-
tutional amendment" or against the con-
stitutional amendment" as the voter shall
elect and Immediately after said election
due return shall be made to the Governor OF
the vote for and against said proposed
amendment, as directed by the said four
teenth article of the constitution.
Approved March 9th, 1890.
We hereby certify, That the aforegoing is a
correct couy of an act Ofthe General Assem-
bly, of Maryland passed January session, 1880.
VIC. PURNELL,
Secretary of the Senate.
CARLTON SHAFER
Chief Clerk OF the House OF Delegates.