The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1895-12-25

ed for such purposes under general
laws, with such privileges, powers and
Limitations, not Inconsistent with this
Constitution, as it may deem proper.
The general assembly shall provide by
law for the thorough examination and
inspection of all banking and fiscal
corporations of this State.
Sec. 10. Stock or bonds shall not be
issued by any corporation save for ia.
Dor done, or money or property actu.
ally received or subscribed and all fc.
| titious increase of stock or indebted.
ness shall be void. ~
Sec. II. The general assembly shall
provide by law for the election of di-
J rectors, trustees or managers of all
corporations so that each stockholder
shall be allowed to cast, in person or
by proxy, as many votes as the num-
ber of shares he owns multiplied by
the number of directors, trustees or
managers to be elected, the same to be
cast for any one candidate or to be dis
tributed among two or more candi-
dates.
Sec. IL. Corporations shall not en-
gage in any business except that spe-
ci6cally authorized by their charters
or necessarily incident thereto.
Sec. 13. The general assembly shall
enact laws to prevent all trusts, COM
binations. contracts and agreements
against the public welfare; and to pre-,
vent all trusts, combinations, contracts,
and agreements against the public
welfare; and to prevent abuses, un-
lust determinations and extortlon In
all charges of transporting and trans
mitting companies; and shall pass
laws for the supervision and regula-
ton of such companies by commission
or otherwise, and shall provide ade-
quate penalties, to the extent, if ne
cessary for that purpose, of forfeiture
of their franchises.
Sec. IA. A commission is hereby es.
.tablished TO be known as ''the railroad
commission" which shall be composed
of not less than three members, whose
powers overall transporting and trans
mitting corporations. and duties, man
ner of election and term of Office shall
be regulated by law; and until other
wise provided by law the said COM
missioners shall have the same powers
and jurisdiction. perform the same du-
ties and receive the same compensation
as now conferred, prescribed and al
lowed by law tothe existing railroad
commissioners; provided, that the
members thereof shall be elected at the
expiration of the terms of the present
railroad commissioners, who are here
by continued in Office for the terms for
which they were elected. 5i.. S
u Sec. Is. Every employee of any
railroad corporation shall have the
same rights and remedies for any in
jury suffered by him from the acts or
omissions OF said corporation or its
employees, as are allowed by law to
other persons not employees. when the
injury results from the negligence of a
superior agent or officer, or of a per-
son having a right to control or direct
the services of a party injured, and
also when the injury results from the
negligence of q fellow servantengaged
in another department of labor from
that of the party injured, or of q fell
low servant on another train Of cars,
or one engaged about a different piece
of work. knowledge by any en-
ployee injured of the defective or un-
safe character or condition of any ma
chinery, ways or appliances shall be
no defence to an action for injury
caused thereby, except to conductors
or engineers in charge OF dangerous or
unsafe cars or engines voluntarily op-
Grated BY them. When death ensues
from any injury to employ ees, the legal
or personal representatives of the per
son injured shall have the same right
and remedies as are allowed by law to
such representatives of other persons.
Any contract or agreement, expressed
or implied, made by any employee to
waive the benefit of this section shall
be null and void; and this section
shall not be construed to deprive any
employee of a corporation, or his le-
gal OrSpersonal representative, Of any
remedy or right that he now has by
the law of the land. The general as
sembly may extend the remedies herein
provided tor to any other class of em-
plyees.
: Sec. 16. All existing charters or
grants of corporate franchise under
which organizations have not in good
faith taken place at the adoption of
this Constitution shall be subject to
the provisions of this article.
Sec. IL. The general assembly shall
never remit the forfeiture of the fran
chise of any corporation now char.
tered, nor alter nor amend the charter
thereof, nor pass any general or spe
cial law for the benefit of such corpo-
ration, except upon the condition that
such corporation shall thereafter hold
its charter and franchise subject to
the provisions of this Constitution,
and the acceptance by any corporation
of any provision of any such laws or
the taking of any benefit or advant
age from the same shall be conclusive
ly held an agreement by such corpo-
ration to hold its charter and fran
chise under the provisions OF this ar
tlcle.
Sec. IS. The stockholders of all in
solvent corporations shall be individ-
ually liable to the creditors thereof
only to the extent of the amount re-
naming due to the corporation upon
tina stock owned by them: Provided,
That stockholders in banks or bank
ing institutions shall be liable to de-
positors therein in a sum equal in
amount to their stock over and above
the face value of the same.
Sec 10. Nothinp prohibited in this