The Lexington dispatch. [volume] (Lexington, South Carolina) 1870-1917, 1895-12-18

passed for the beneht OF any lolelSn
corporation operating railroad under
an existing license of this State or nn.
der any existing lease, and no grant OF
any right or privilege and no exemp-
ton from any burden shall be made to
any such foreign corporation, except
upon the condition that the owners or
stockholders thereof shall first organ
ize q corporation in this State under
the laws thereof, and shall thereafter
operate and manage the same and the
business thereof under said domestic
charter.
Sec. 9. The general assembly shall
have no power to grant any special
charter Tor banking purposes, but cor
porations or associations may be form
ed for such purposes under genera
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. 70. Stock or bonds shall not
be issued by any corporation save for
labor done, or money or property
actually received or subscribed; and
all fictitious increase of stock OF IN
debtedness shall be void.
Sec. II. The general assembly shall
provide by law for the election OF dl-
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 number
of shares he owns multiplied by the
number of directors, trustees or man
ayers to be elected, the same to be cast
for any one candidate or to be dlstrlb-
uted among two or more candidates.
Sec. -. Corporations shall not en-
gage in any business except that spec1-
fically 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 abuses, unjust discriminationsand
extortion in all charges of transport
ing and transmitting companies; and
shall pass laws for the supervision and
regulation CT such companies by com
mission or otherwise, and shall provide
adequate penalties, to the extent, If
necessary for that purpose, OF forfeit
ure 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 over all transporting and trans
mitting corporations, ard duties, man.
ner of election and term OF office shall
be regulated by law; and until other
wise provided by law the said commits
sioners shall have the same powers and
Jurisdiction, perform the same duties
and receive the same compensation as
nov conferred, prescribed and allowed
by law to the existing railroad commits
sioners; provided, that the members
thereof shall be elected at the expira-
ton of the terms of the present rail-
road commissioners, who are hereby
continued in Office for the terms for
; which they were elected.
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 It's
| 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 right to control or direct
the services of a party injured, and
| also when the injury results from the
negligence of fellow servant engaged
| in another department OF labor from
| that of the party injured, or of fell
low servant on another train OF cars,
or one engaged about different piece
of work. Knowledge by any employee
! injured of the defective or unsaTe
character or condition of any machln-
cry, ways or appliances shall be no
defence to an action for injury caused
thereby, except to conductors or en-
gineers in charge of dangerous or un-
safe cars or engines voluntarily opera
ted by them. When death ensnes
from any injury to employees, the
legal or personalrepresentatives Of the
person 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 corporation,
or his legal or personal represents
tive, of any remedy or right that he
now has by the law of the land. The
general assembly may extend the rem
edies herein provided for to any
other class or employees.
Sec. 16. All existing charters OF
grants OF corporate franchise under
which organizations have not in good
faith taken place at the adoption OF
this Constitution shall be subject to
II 4