The Union times. [volume] (Union, S.C.) 1894-1918, 1896-01-17


an existing license of this State or un-
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 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. 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
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
labor done, or money or property
actually received or subscribed; and
all fictitious increase Of stock or in
debtedness shall be void
Sec. IL. 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 distrib-
uted among two or more candidates.
Sec. II. Corporations shall not en-
gage in any business except that speci-
hcally 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 determinations and
extortion in all charges of transport
ing and transmitting companies; and
shall pass laws for the supervision and
regulation of such companies by COM
mission or otherwise, and shall provide
adequate penalties, to the extent, if
necessary for that purpose, of forfeit
uCc OF tnelr franchises.
Sec. II. A commission is hereby es-
tabllshed to he known rs "the railroad
commission, which shall be comp osed
! OF not less thnn three members, whose
| powers over al! transporting and trans
mlttlng 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 commits
s1oners shall have the same powers and
jurisdiction, perform the same duties
and receive the same compensation as
no" conferred, prescribed and allowed
by law to the existing railroad commits
sioners; provided, that the members
thereof shall be elected ut the expira-
ton OF the terms of the present rail
road commissioners, who are hereby
continued Ill office for the terms for
which they were elected.
Sec. 10. 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 II
superior agent or officer, or of per-
son having right to 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. or of fell
low servant on another train of cars,
or one engaged about Il different piece
of work. knowledge by any employee
injured OF the defective or unsafe
character or condition of any machin-
cry, ways or appliances snail he no
defence to an action for injury caused
thereby, except to conductors or en-
glneers In charge OF dangerous or nm
safe cars or engines voluntarily opera
ted by them. When death ensues
from any injury to employees, the
legal or personal Representatives 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 sha!l not be construed to
: deprive any employee Of n corporation,
or hia legal or personal Representa-
tive, Of any remedy or right that he
now has by the law of the land. The
general assembly may extend the rem
edics herein provided for to any
other class or employees.
Sec. lG. All existing charters OF
grants OF corporate franchise under
which organizations have not in goo(
faith taken place at the adoption O.
this Constitution shall be subject tc
the provisions Of this article.
Sec. II. The general assembly shal
never remit the forfciturc.ot the fran