Montgomery County sentinel., 1891-10-16
NUMBE r 2.
CHAPTER 1876.

CHAPTER 1876.
AN ACT to amend section forty-eight of arti.
Gle three of the constitution of this State.
Section / Be it enacted by the General As
sembly of Maryland, Three-ffths Of all the
members of the two houses concurring, that
the following section be and the same is here
by proposed as an amendment TO the consti-
tuition OF this State, and if adopted by the
legal and qualified voters thereof as herein
provided, it shall supersede and stand in the
place and instead Of section forty y-eight of ar
ticle three of said constitution.
Section 48. Corporations may be formed
under general laws, but shall not be created
by special act, except for municipal purposes
and except in cases where no general laws ex-
ist providing for the creation Of corporations
Of the same general character as the corpora
tion proposed TO be created, and any act OF
incorporation passed in violation of this Sec
ton shall be void, all charters granted or
adopted in pursuance of this section, and all
charters heretofore granted and created, sub
jeci TO repeal or modification, may be altered
from time 10 time or be repealed: Provided
nothing herein contained shall he construed
to extend 10 banks or the incorporation there
of; the General Assembly shall not alter or
amend the charter of any corporation exist
ing at the time of the adoption of this arii-
Gle, or pass any other general or special law
tor 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 corpo-
ration chartered by this State which shall ac-
cept, use, enjoy, or in anywlse avail itself of
any rights, privileges or advantages that may
hereafter be granted or conferred BY any gem
eral or special act, shall be conclusvely pre-
sumed to have thereby surrendered any ex-
empiion from taxation to which it may be en-
titled under its charter and shall be thereafter
subject TO taxation as if no such exemption
has been granted by its charter.
Section 2. And be It further enacted BY the
authority aforesaid, That the said foregoing
section hereby proposed as an amendment to
the constitution shall be, al the next general
election held in this State, submitted to the
legal and qualified voters thereof for their
adoption or rejection, in pu fsuance of the di-
rections contained in article fourteen of the
constitution of this Stale, and at the said gen.
eral election the vote on said proposed amend
mept TO the constitution shall be by ballot,
and upon each: there shall be written or
printed tue words for the constitutional
amendment or against the constitutional
amendment" as the voter shall elect and
immediately after said election due return
shall he made TO the Governor OF the vote for
and against said proposed amendment, as di-
reoted by the said fourteenth article of the
constitution.
Approved March 27th, 1890.
We hereby certify, That the aforegoing is a
correct copy OF an act of the General Assem-
bly, OF Maryland passed January session, 1890.
W. G. PURNELL,
Secretary of the Senate.
CARLTON SHAFER,
Chief Clerk of the House of Delegates.