The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1891-09-05
NUMBER =.
CHAPTER 1915.

AN ACT to amend section iorty-eight. of
article three, of the Constitution of this
State.
SECTION /. BE 1t eaacf1d By the General
assembly IF Maryland, Three iiths of all the
members of the two Houses concurring, that
the following section be, and the same is
hereby proposed as an amendment to the
Constitution of this State, and if adopted by
the legal and qualified voters thereof as herein
provided, it shall supercede and stand in the
place and instead of section forty eight of
article three of said Constitution
SECTION 4S. 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
exist providing for the creation of corpora.
tons of the same general character as the
corporations proposed to be created, and any
act of incorporation passed in violation of
this section shall be void, all charters granted
or adopted i'll pursuance of this section, and
all charters heretofore granted and created,
subject to repeal or modification, may be
altered, from time to time, or be repealed;
provided nothing herein contained shall be
construed to extend to banks, or the incorpo-
ration thereof, the General Assembly shall
not alter or amend the charter Of any corpo-
ration existing at the time of the adoption of
this article, or pass any other general or
special law for the benefit of such corporation,
except upon the condition that such corpora.
ton shall surrender all claim to exemntion
from taxation or from the repeal or modifi.
cation of its charter, and that such corporation
shall thereafter hold its charter subject to the
provisions of this constitution; and any cor
poration chartered by this state which shall
accept, use, enjoy, or in any wise avail itself
of any rights, privileges or advantages that
may hereafter be granted or conferred by
any general or special act, shall be conclu.
sively presumed to have thereby surrendered
any exemption from taxation to which it may
be entitled under its charter, and shall be
thereafter subject to taxation as if no such
exemption has been granted by its charter.
SECTION 2. ARd be IL further enacted by the
authority aforesaid, That the said foregoing
section hereby proposed as an amendment to
the constitution shall be, at the next general
election held in this state, submitted to the
legal and qualified voters thereof for their
adoption or rejection, in pursuance of the d-
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 amend
ment, as directed by the said fourteenth article
of the constitution.
Approved March 9th, 1890.
We hereby certify, That the aforegoing is
correct copy of an act of the General As
sembly of Maryland, passed January session,
1890. w. G. PURNELL,
Secretary of the Senate
CARLTON SHAFER,
Chief Clerk of the House of Delegates.