Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1891-08-20
NUMBER 2.
CHAPTER 1876.

AN ACT to amend section forty of arti-
Gle three, of the Constitution of this State.
SECTION /. BE 10 enacted BIZ the General
Assembly Of Maryland, Three-fifths 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 COnstitu.
ton of this State, and if adopted by the legal
and qualified voters thereof as herein provided
IL 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, us 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, sub
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from time to time, or be repealed; Provided.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 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-
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
20 which IL may be entitled under its charter
and shall be thereafter subject to taxation as
il no such exemption has been granted by its
charter.
SECTION 2. And be II further enacted bv
the authority Gforesaid, That the said forego-
ing section hereby proposed as an amendment
eral election held in this State, submitted 10
she 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 TO the constitution shall be BY ballot.
and upon each ballot there shall be written OF
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
against said proposed amendment, as directed
by the said fourteenth article of the constitu-
ton.
Approved March 9th, 1890. -
We hereby certify, That the aforegeing IL q
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.