The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1895-12-18
eneral or special low shall ever be


der any existing lease, and no grant Of
any right or privilege and no e1emr-
ton from say burden shall be made 10
any such foreign corporation, except
upon the condition that the owners or
stockholders thereof shall first organ
ize a corporation in this State under
the laws thereof, aud shall thereafter
operate and manage the same and the
business thereof under said domestic
charter.
Sec. 8. The general assembly shall
have no power to grant any special
charter for banking purposes, but cor
porations or associations may be form
ed for such purposes under general
Jaws, 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 AL banking and fiscal
corporations Of this State.
Sec. 10. Stock or bonds shall not
be issued by any corporation save Tor
labor done, or money or property
actually received or subscribed; and
all fictitious increase Of stock OF IN
dehtedness 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 stockbolder
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 lie elected, the same to be cast
for any one candidate or to be distrlb-
uted among two or more candidates.
Sec. II. Corporations shall lot en-
gage in any business except that speci-
fcally authorized Ivy their charters or
necessarily incident :hereto.
Sec. IS. The general assembly shall
enact laws to prevent Nil trusts, COM
binations. contracts and agreements
against the public welfare; and to pre-
vent abuses, unjust Determinations and
extortion in all charges of transport
ing and transmitting companies; and
shall pass laws for the supervision and
regulation OF such companies hy com
mission or otherwise, and shall provide
adequate penalties, to the extent, il
necessary for that purpose, OF forfeit
ure of their franchises.
Sec. Ii. A commission is hereby es
tablished to he known as ''the railroa,:
commission, which shall be comp ,sed
of lot less than three members, whose
powers over ali transporting and trans
mitting corporations, NJ d dnties, man
ner OF election and term Of Office shall
he 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
hoy conferred, prescribed and allowed
by law to the existing railroad commits
sioDers; provided, that the members
thereof shull 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
exl -loyees, as are allowed by law to
other persons not employees, when the
injury results from the negligence of
superior agent or officer, OF "f a per
son having right 10 control or direct
the services of 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, CT OF fel-
|.low servant on another train OF cars,
or one engaged about different piece
of work. knowledge by any employee
injured Of the defective or unsafe
character or condition of any mnchin
cry, ways or appliances shall be 30
defence to an action for Injury caused
thereby, except to conductors OF en-
ginesrs in charge OF dangerous or I'M
safe cars or engines voluntarily opera
ted by them. When death ensnes
from any injury to employees, the
legal or personalrepresentutivss 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
en-; loyee 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 representa-
tive, OF any remedy or right that lie
now hns Ivy the law OF the ;and. The
general assembly may extend tie rem
edi herein provided for to any
other class or employees.
Sec. 16. All existing charters or