The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-04-22

poratop's books IN lnis STATE, chartered
IN or doing business by the authority or
| consent or under the laws. OF this safe,
/ shall be deemed anu held TO be, and II 49,
/ insolvent wnen It's Indebtedness, added TO
its capital and other stock at par value
and the bonds outstanding against lis
property within this state, shall amount
/ in the aggregate to more than three times
| the valuation at when the property OF
| the said corporation In this state was
| last rendered Tor taxation by the corpora
/ ton or through It's agent or representa-
tives or to IS per cent or more than the
valuation OF its SAID property which the
railway commission or any lawful author
| ity, acting expressly under and by virtue
OF the laws OF this state, has liked thereto
one year before the institution of suit
under this Amendment.
| Sec, A. That any corporation chartered
! by virtue OF. or exercising rights or fran
chises under. The laws of this state, that
has issued or has outstanding any hcu-
| tious bonds or stocks or shares OF stock,
| which, II legal, are required by law to be.
or are, kept OF record, or are required to
be- or are recorded in this State, or that
has issued or has outstanding any stock OF
bonds except for money paid to, work
done for or property actually received by
tho corporations; which scid bonds and
stock shall. amount tcrs5 per cent more
than the valuation OF the property belong
ing to said corporation within this state
which has been fixed thereto by the rail-
wGy commission, or any authority desig-
mated by law, or to double the valuation
at which said property has been last rem
dered for taxation in this State by the cor
poration. or its agent or representative, Is
insolvent ana shah forfeit its corporate
rights, charter and franchises.
Sec. 5. That every corporation which
holds churter or permit. or exercises
corporate franchises or rights from or un-
der the laws Of, or by the consent OF, this
State, has at all times been. is yet and
shall continue TO be- prohibited from using
ALL or any part, Of its money, assets o.
funds, except for corporate purposes, and
any other use or diversion thereof for
= fets in this State its rights as a corpora
tiun. II any such corporation has out Of
3 its assets. property or funds, directly u
l indirectly, contributed or paid. or shall
] ever, directly or indirectly pay or con
= tribute any part thereof to any political
Y party. or to any person for or for the us,
c of, or on account Of. such party, or shall
. directly or Indirectly, out OF such funds
4 property or assets, pay or contribute tt
{ any candidate for office or aid in deflsy
: ing his expenses as candidate for office
: or has directly or indirectly, paid orS.ide
= in paying, or shall ever directly or indi
= rectly, pay or contribute in paying, GU
i of such assets, funds or property, the sal
o airy or salaries or expenses of any lobb
d or lobbyist, or person or persons, to in
4 iluence the adoption or defeat of any legs
e lation In this State. shall, on proof therec
: in any court of competent jurisdiction
e forfeit its persist, license or charter an
y rights and franchises which It. holds undo
Is from. or by virtue OF the laws of tn
n State
d Every check. order, draft or other /,
AZ strument drawn on. and every accoun
n voucher. demand or claim paid by suC
re corporation shall truthfully and specia
80 oally express the purpose for which
~ given. drawn or paid.
,, Money contributed or paid out, or pro-
10 erty delivered, on the order or approvy
% o. or at the instance. of any agent, attorne
y. officer or director OF the corporation. fro
- the corporate funds or assests for the pu
~ poses prohibited herein or In violation
~. the directions hereof shall be deemed Al
- held To be the act of the corporation u
IA less within one year from the date OF {
a payment. delivery or contribution so ma
a. in violation OF this section, it has e
80 tered or shall, through it's board of dire
"a tors. enter an order in It's records In tn
,d State, repudiaiing the wrong and pei
b. manently dismissing all persons who h
" any connection with it from the service
OF the corporation
he Sec. G: That II any railway or 9th
ce, chartered transportation company, or I
DIS receiver thereof, In this State, shall ho
ny or carry any person free OF charge,
IL grant or give to airy person, arm or &C
poration, or association of persons a Il
Try pass, or any authority or permit whats
ne ever, TO travel or pass free over any ia
les way or other transportation line, or p
ne OF line, for any distance under its &C
w troll or operated by II, or under Its
u thority, or shall, directly or indirec
'e grant, give or concede TO any such p
III III son, firm, corporation, or association
- persons any privilege greater, or fare
~, rate less than 1t grants, gives or &C
,na cedes to any and all other persons, fri
ent corporations, or association of persons
m similar or like calling. occupation or p
in fession of physical or pecuniary conditi
40, for similar service 10 tho one or onSs
favored, 1t shall, in addition to the OF
all penalties prescribed pay to the state
Texas in any action that shall be brou
the by the attorney general or any district
NIL county attorney for that purpose, the s
OF $4,000 for each and every act; Provid
in that every railway or other transpoT
itin ton company, or the receiver Their
without delay or the necessity OF pref
nth mary action, shall have the right to 90
cry free OF charge all OF the transported
lrly forces, mechanics and operatives enga
ne In the service OF the corporation or c,
YER. pany; and also there may be carried
He'd of charge by the company its own dir
me, tors. officers, agents and attorneys W
the the company or receiver shall have, pl
dth iously TO the said free carriage, turnis
'uld and Aled with the railway commission
udy Texas a certified list OF the names, acc'
III panied by statement showing the par
.ols ular line and branch OF service in WI
you they are seyerally engaged by the c.
ieN' pany or its receiver, and that they
each In good faith so employed
3 10 Sec, 7. That the attorney general
, OF Texas shall bring action OF quo warrt
-eto. against each and every corporation in
into state that is solvent or that violates ell
six, or all OF the provisions OF this ans
ment or any provision OF the Constitu
the or laws TO forefeit Its license, franch
0 OF permit, or charter and TO wind up It's
AIDED porate affairs; and the district Judge
said fore whom the action Is filed may, on
tons ton OF the attorney general either in I
time or In vacation, appoint a receive
receivers to protect the public and all
tha terested parties in the management of
. o. corporate properties pending the lit
! Of tion and settlement OF the corporate
nron- other rights and relation thereto.
81 ~ Sec. 8. That 1t shall be the duty Of
Is OF govo4aor to cause the provisions OF
K nv article and all other provisions OF the
ivers sutution and laws relating TO corporat