The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1891-10-16
NUMBER 2.
BER z.
CHAPTER 1876.

CHATTER $50.
AN ACT to amend section forty Eight, of arti-
Gle three, of the Constitution of this State.
SECTION 1. Be 1t enacted By the General
Assembly 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 Coustitu-
ton of this State, and if adopted by the legal
and qualified voters thereof as herein provided
1t shall supersede 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 corpor-
atoms of the same general character, as the
corporation proposed to be created, and any
act of incorporation passed in violation of this
section shall be void, all charters granted or
adopted in pursuance of this section, and all
charters heretofore granted and created, SUBJ
ject 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from time to time, or be repealed; Provided,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 incorporation there
of, the General Assembly shall not alter or
amend the charter of any corporation 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 corporation shall surren-
der 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 provisions of this
constitution; and any corporation chartered by
this State which shall accept, use, enjoy, or in
anywise avail itselfof any rights, privileges
or advantages that may hereafter be granted
or conferred by any general or special act,
shall be conclusively presumed to have there
by 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. And be If further enacted BIZ
the authority aforesaid, That the said forego-
ing 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 thereof for their
adoption or rejection, in pursuance of the
directions contained in article fourteen of the
Constitution of this State, and at the said gen.
ment to the constitution shall be by ballot,
and upon each ballot there shall be written or
printed the words "for the constitutional
amendment" or against the constitutional
amendment" as the voter shall elect, and i'm
mediately 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 fourteenth article of the constitu-
ton.
Approved March 9th, 1890.
We hereby certify, That the aforegoing is
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.