Maryland independent. [volume] (Port Tobacco, Md.) 1874-current, 1891-10-02
NUMBER 2.

SUNBER2.
CHAPTER1s5.
AN ACT to amend section fOfiy-eight, of arti-
Gle three, of the Constitution OF this State
Ses. |. Be enacted bythe General Assembiy
OF MaryLand, Three-iiftns of all the members
of the two Houses concurring, that the follow
ing section be- aud the same is hereby propos-
ed rs IN amendment to the Constitution of this
State, and If adopted nv the legal and qnalifi-
rd voters thereof as herein provided. il shall
snpersede and stand in the place and instead
of section forty-eigbt of article three of said
Constitution.
Sec AZ. Corporations NAV be formed under
general laws, In; shall not h- created 10y spe
cial act, except for municipal purposes and ex-
cept in cases where no general laws exist, pro-
Eiding for the creation Of corporations Of the
same general character. Ms the corporation pro-
posed to he created, and any act OF inccrpora-
ion passed in violation Of this section shall be
void all charters granted, or adopted in pur-
Stiance Of this section, and all charters hereto
fore granted and created, subject 10 repeal or
be altered, fe;atff;e Ii ifnc.
or be repealed; Provided, noihir herein con-
thiued shall be construed to extend to Banks,
Oh the incorporation thereof the General As
sembIy shall not altr or amend the charter oil
any corporation existing at the time of III"
adoption fthis article, or pass any other gene
raj or special law for the benefit OF such cor
poraton, except upon the condition that such
CORPORATION shall surrender all claim to exemp-
ton from taxation or from the repeal or mndI-
fcation ofits charter and thai such corporate ii
shall thereafter held its charter subject 10 the
provisions Of this constitution; and any corpo-
rstion chartered by this State which shall ac-
eept use, enjoy, or in any wise avail itself OF
any rights, privileges or advantages that may
hereafter be granted or conferred by any gen
sral or special act shall be cOnclusively pre-
sumrd TO have thereby surrendered any exemp-
ton from taxation TO which il may he entitled
under its charter and shall be thereafter sub.
ject to taxation as If no such exemption has
been granted by its charter.
See. 2 And be IL further Enacted By the au-
horiiV aforesaid, That the said foregoing sec
ton hereby proposed as an amendment 10 the
constitution shall be- at the Eext general cleo
ton held in this State, submitted 10 the legal
and qualified voters thereof for their adoption
or rejection, in Pursuance Of the directions con-
tanned in article fourteen of the Constitution
of this State, and at the said general election
the vote on said proposed amendment 10 the
constitution shall be by ballot, aud rpon each
ballot there shall 6e written or printed the
words "for the constitutional amendment" or
''against the constitutional amendment, as the
voter shall elect, and Immediately after said
election due return shall be made to the Gov
ernor of the vote for and against said propos-
ed amendment, as directed by the said four
tenth article of the constitution.
Approved March 9th, 1890.
We hereby certify, That the aforegoing is a
correct copy of an act of the General Assembly
of Maryland, passed January session, 1890.
w. G. PURNELL,
Secretary of the Senate.
CARLTON SHAFER,
Chief Clerk Of the House of Delegates