The Lehi banner. [volume] (Lehi, Utah) 1891-1917, 1895-05-09

have no validity: and no corporation
IN existence at the time Of the adop-
ton of this Constitution shall have the
benefit of future legislation without
hISt fling In the office OF the Secretary
OF state. AN acceptance of the pro-
visions OF this Constitution.
Sec. 3. The Legislature shall not ex-
tend any franchise or charter. nor re-
NIT the forfeiture OF any franchise or
charter Of any corporation now exist
Ing. or which shall hereafter exist un-
der the laws OF this State.
See 4. The term Corporation" as
used in this article shall be construed
to include all associations and joint
stock companies having any powers or
privileges Of corporations not possessed
by individuals or partnerships, and all
corporations shall have the right TO
sue, and shall be subject to be sued in
all courts, in like cases as natural per-
sons.
Sec. s. Corporations shall not issue
stock. except to bona ilde subscribers
thereof or their assignee. nor shall any
corporation issue any bond, or other
obligation, for the payment Of money.
except for money or property received.
or labor done. The stock OF corpora
tons shall not be increased, except In
pursuance of general law. nor shall any
law authorize the Increase of stock
without the consent of the per-
son or persons holding the larg-
er amount In value of the
stock, or without due notice OF
the proposed Increase having previous
~ been given in such manner as may
be prescribed by law. All fictitious in
crease of stock or Indebtedness shall be
void.
Sec. 6. No corporation orga nized out
side of this State shall be allowed to
transact business within the State on
M. Al Ia.
prescribed by law to similar corpora
tons organized under the laws OF this
State.
Sec. I. No corporation shall lease or
ALLEVIATE any franchise so as to relieve
the franchise or property held there
under from the liabilities OF the lessor.
or grantor. lessee, or grantee. con-
tracted or incurred In operation. use or
enjoyment of such franchise or any Of
Its privileges.
Sec. s. No law shall be passed grant
Ing the right to construct and operate
a street railroad. telegraph, telephone
or electric light plant within any city
sent OF the local authorities, who have
control of the street or highway pro-
posed TO be occupied for such purposes.
Sec. g. No corporation shall do bust
ness Ia Ghis State without having one
or more places of business with an au-
thorized agent or agents upon whom
process may be served. nor without
first filing a certified copy OF it's arti-
Giles of Incorporation with the Secretary
of State.
Sec 10. No corporation shall engage
in any business other than that ex-
pressly authorized In its charter or ar
ticles OF Incorporation.
Sec. II. The exercise of the Eight of
eminent domain shall ueitrApe so
abridged or construed IA to prevent the
Legislature from taking the property
and franchises OF incorporated com
panies, and subjecting them to public
use the same as the property of indi-
viduals.
Sec. u. All railroad and other trans
portation companies are declared to be
common carriers, and subject to legis-
lative control; and such companies
shall receive and transport each others
passengers and freight without dis
examination or unnecessary delay.
Sec. ID No railroad corporation shall
consolidate its stock. property or fran
chises with any other railroad corpora
ton owning "A competing line.
Sec IA. The rolling stock and other
movable property belonging to any
railroad company or corporation In this
State shall be considered personal prop
erty, and shall be liable to taxation
and to execution and sale In the same
manner as the personal property OF in
dividuals, and such property shall not
be exempted from execution and sale.
Sec. 10. The Legislature shall pass
laws establishing reasonable maximum
rates OF charges for the transportation
of passengers and freight, for correct
ing abuses. and preventing discrimina-
ton and extortion In rates of freight
and passenger tariffs by the different
railroads and other common carriers In
the state, and shall enforce such laws
by adequate penalties.
Sec. l6. No corporation or associa-
tion shall bring any armed person or
bodies OF men into this State for the
OF the peace or the sup
preston OF domestic troubles without
authority of law.
Sec. II. No officer employee, at
torney or agent of any corporation.
or association doing business
under or by virtue OF any municipal
charter or franchise shall be eligible
TO or permitted to hold any municipal
office In the municipality granting such
charter or franchise.
Sec. Is. The stockholders In every
corporation and joint stock association
Tor banking purposes. In addition 10 the
amount of capital stock subscribed and
FULLY paid by them. shall be individuR-
~ responsible for an additional amount
equal to the amount OF their stock In
such corporation. for all its debts and
liabilities OF every kind.
Sec. 49, Every person In this State
shall be free to obtain employment
whenever possible. and any person.
corporation or agent. servant or em-
ployee thereof. maliciously interfering
lr hindering In any way any person
from obtaining. or enjoying employ
nent already obtained. from any other
or person. shall be deemed
guilty OF a crime. The Legislature
shall provide for the enforcement of /
his section.
Sec. 20. Any combination by indi- /
corporations or associations
having for its object or effect the con
trolling OF the price of any products Of !
he soil or OF any article OF manufaC-
ure or commerce, or he cost of eX-
'hange or transportation is prohibited, !
md hereby declared unlawful and I.
against public DOlicV The Legislature !