The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1895-12-25

Limitations, not Inconsistent With this
Constitution. as 1t may deem proper.
The general assembly shall provide BY
law forthe thorough, examination and
inspection of ali banking ard tiSct
corporations OF tbs State
See 10. Stock or bonds shall not b
issued by any corporation save for ia
Dor done, or money or property actu
ally received or subscribed and all tic
litlcus increase Of stock or Indebted
ness shall be void.
Sec. II. The general assembly shall.
provide By law for the election Of di
rectors, trustees Or managers OF al
corporations so that each stockhol0e,
shall be allowed to cast, IN person or
by proxy, as many votes as the mum
Der of shares he owns multiplied by
the number of directors, trustees OF
managers to be elected, the same to be
cast for any one candidate or TO be dis
tributed among two or more candl
dates.
Sec. -. Corporations shall not en-
gage in any business except that spe
ciGcally authorized by their charters
or necessarily iucident thereto.
Sec. Is. The general assembly shal
enact laws to prevent all trusts, com
bina,ions. contracts and agreements
against the public welfare; and to pre-
ventall trusts, combinations, contracts
and agreements against the public
welfare; and to prevent abuses, un
Just determinations and eXtoruon in
all charges of transporting and trans
hitting 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. II. \ commission is hereby es
tablished 10 be known as the railroad
commission. which shallbe composed
of not less than three members, whose
powers overall transporting and trans
mitting corporations. and duties, man:
ner of election aud 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 to the 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.
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 ol
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 q
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 a fellow servant engaged
in another department of labor from
that of the party injured, or of fel-
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
10 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 employees, 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 IL
gal or personal representative, of any
remedy or right that he now has by
the law of the land. The general as
sembly may extend theremedies herein
provided tor to any other class of en-
plyees.
Sec. Is. 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. II. 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,
ticle.
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,
maiHing due to the corporation upon
tha 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 md above
the face value of the same.
Sec. 19. Nothing prohibited in .his
article shall be permitted to be done
by any corporation or company, per-
sons or person, either for its or their
own benefit or otherwise, by its or
their holding or constrolling in its or
their own name or otherwise, or IN
the name of any othe, person or per
sons, or other corporation or company
whatsoever, a majority Of the capital
stock, or of bonds having voting
power, OF any railroad or transporta,
tion connnany or cOrpOratiOn created