Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1891-08-27
NUMBER 2.
CHAPTER 1875.

AN ACT TO amend section forty-eight, of arii.
Gle three, Of the Constitution Of this StSte
SECTION 1. BE IL cs;acted bg TIE General
assembly Of Maryland Three-fifths of all the
members OF the two Houses concurring, that
the following section be, and thesamc is here
by proposed as an amendment TO the Constitu-
tioB ofthis State, and if adopted by the legal
and qualified voters thereofas herein provided
IL shall euperSede and stand IN the place and
instead OF section forty-eight Of article three
Of said Constitution.
SECTION IS. Corporations may be formed
under general laws, but shall not be created
hy 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 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
jet 10 repeal or modification, may be altered,
from time 10 time, or be repealed; Provided,
nothing herein contained shall be construed 10
extend 70 Banks or the incorporation there
Of the General Assembly shall not alter or
amend the charter Of any corporation existing
Of the time Ofthe 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-
oer MI claim TO exemption from taxation or
from the repeal or modification Gifts charter,
and that such corporation shall thereafter hold
lis 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
OF conferred by any general or special act,
shall be conclusively presumed to have there
10y surrendered any exemption from taxation
70 which Ii may be entitled under its charter
and shall be thereafter subject 20 taxation as
If no such exemption has been granted by its
charter.
SECTION 2. And be i further enacted bg
tbc authority GforeSatd, That the said forego-
Ing section hereby proposed Is an amendment
orGl 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 gem
eral election the voteon said proposed amend
ment 10 the constitution shall be by ballot,
and upon each ballot there shall be written or
printed the words 'tOr TIE constitutional
omendment,n or against the constitutional
amendment" as the voter shall elect, and inn
frediateiy after said election due return shall
be made 20 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 aforegoine is 8
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.