Maryland independent. [volume] (Port Tobacco, Md.) 1874-current, 1891-08-28
StMnEH ..

SuMHEH .,
AN ACT to amend section touy-eieht, Of arti-
Gle three, of the Constitution Of this State
SCI l. De endcfed bythe Generdl AssemJiv
" Mrgtond, Thrte-Gftbs Of al the members
Of the two Houses roncurring, that the follow
ing section he. and the same Is hereby prop0s
ed MS u amendment to the Constitution of this
State. and If al" opted hy the legal aud qualf-
~ voters thereof ns herein provided ii shall
SUI ersede and stand in The place and INSTEAD
of section forty ely ut of article three of said
Gons'ilniicn.
sSe,a 4S Corporations NAV lie formed under
general laws, hut shall not he created b, spe-
ei,tf NJ, except tuf municipal luritses and ex
m rases where no general laws exist pro.
vidin0 for the creation Of corporations of ihe
same general character as the rrloraliun pro-
posed to tie created, and any act of inecrpora-
lion plTspd in violation of this section shall lac
void, Al charters granted or adopted in pur
suTnte Of this section, aud all charters hereto
'oft sranted md created, -ui.jrc TO re, ed or
.siiodHuatit,n bsty be .,tIertd from time to time,
ar,bs repralrd sP,ey,ded, nntltiT 9 herein con.
aimed sb,,li he construed tV,tx,eitl 10 Banks.
or HE worpqraiiop tltrfeof, the General As
'einbly stiaB, tot alter or amend The charter Of
.tne corporation existing ut lhe tiiiIe OF the
ADOPTION ofthis article, or PASS amy other gene
raj or spectral h,w for HE benefit OF such CO.
.poratlnn, except upon Il condition that Such
corIihfatiuu shall SURRENDER all Cllim to eXetnk-
lion from taxatiundr from the IeIeal 1r mod :
hcatnn Gifts charter and that such corporate u
shall thereafter hLld its charter subject 10 the
provisions Of this constitution; and any c0rpu-
ration chartered by this State which shall as
ccpt, use, enjoy, or in any wise avail iieeIfM
my rights, privileges or advantages that may
hereafter lie granted or conferred by any gem
era or special act, shall he conetsively pre-
suned to have thereby surrendered any exemp-
ton from taxation to which il may he entitled
under It's charter and shall lie thereafter sub
jest to taxation MS II no such exemption has
neen granted by its charter.
See. > Ind be 1t further enacted By The du-
Hordy ofta-Sdid, That the said foregoing Sec
ton hereby proposed as an amendment 10 the
constitution shall be, at the rext general eec-
ton held in this State, submitted 10 the legal
and qualified voters thereof for their adoption
or rejection, in pursuance OF the d:recuons con-
taiped in article fourteen of the Constitution
Of this State, aud at the said general election
the vote on said proposed amendment to the
constitution shall he by ballet, and npon each
ballot there 4
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 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 aforegolng is
correct copy OF an act OF the General Assembly
of Maryland passed January session, 1890.
w. g. PURNELI.,
Secretary of the Senate.
CARLTON SHAFER,
Chief Clerk of the House of Delegates