The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-01-19

We oppose the removal by corporations Of
suits Of cases from our State 10 The federal
ctuAs, and favor Legislation TO proven; it.
Day before yesterday Senator Hairs
ton introduced a substitute for his for
NOR bill to carry this plank of the plat
form into legislation. Some of the
best legal opinion of the State has de-
clarcd the billto be sound and not in
conflict with the constitution. The
full text of the bill follows:
The General Assembly of North Caro-
lima do enact:
Section /. That any foreign corpora
ton. company, society, association or
partnership Incorporated by or organized
under the laws Of any State of the Unit
cd States, or any territory of the Unit
cd States. or under the laws of any for
cign government or dominion now trans
acting or hereafter desiring to transact
any business of such corporation, COM
pany. society. association or partnership
in this State. are hereby required. be-
fore they or any of therl shall hereafter
acquire property. make contracts and
State to rcincorporate themselves regi-
larry in this State by such maine as they
or any of them shall select. eithe. under
or by virtue of the special charter for
the purpose granted By the Legislature
Of this State. or under and by virtue Of
the provisions ana authority for the for
nation of corporations and Incorporated
companies in this State as set forth in
chapters 16 and 10 in the first volume of
the Code of North Carolina and amend
ments thereto.
Section .. That such corporations.
when SO created and organized in this
State, ms provided in section ], shall
have and enjoy all the rights. privileges
granted and be subject to all the limi-
tations. restrictions and liabilities
imposed or intended to be inn
posed in such special charter under
which it may be created and organized.
az under the general laws and amehd-
ments thereto. as prescribed III the said
chapters of 16 and 40 of The Code as
aforesaid: and such corporation when so
created and organized shall constitute the
same. its lessees, successors and assigns.
distinct domestic corporate body III
North Carolina subject to the yisatorlal
powers of the said State i'll its courts.
Section 3. That unless such corpora
tions. companies. societies. associations
and partnerships referred to in the pre-
cceding sections shall comply with the
provisions of this act. they nor any OF
them shall be permitted or authorized to
make valid or binding contract or obli-
cations. verbal or written, which shall
he cnforcible in the courts of this State,
and such contracts and applications
whether relating to personal or real
property, shall be void: and such corpora
ion. company, society association OF
partnership as aforesaid. or any person
or persons. officers or agents acting for
them. or any Of them. who shall carry
on any business of such concern i'll this
State without complying with the pro-
visions of this act, shall be guilty of a
m.sdemeanor. and upon such conviction
shall be fined for each and every offence
five hundred dollars.
Section 4. That section 697, volume /
of The Code be amended and added
thereto. after the last word therein. TO-
wit: the word recorded the follow
ing: