The Montgomery advertiser., 1901-08-18

such corporation Shall thereafter hold it's charter subject to the provisions of this Constitution and every amendment of any charter of any corporation in this State. or any special law for its benefit, accepted thereby, shall oper- ate as a novation of said charter, and shall bring the same under the pro- visions of this Constitutions: Provided, that this section shall not extend to any amendment for the purpose of all lowing any existing road to take stock in or aid in building of any branch road.
 An amendment by MT. ONeal of Lau- derdale seeking to strike out the word special was tabled.
 Judge Walker moved to strike out all of the new part of the section and leave it sas in the present Constitu- tion. The amendment was accepted, and the section was adopted just as it is in the present Constitution.
 At this point the Rules Committee sent up resolution changing the meth cd of finally adopting the new Con- stitution by the Convention. It au- thorizes the Committee on Harmony to report any part of the Article and that the Constitution shall be adopted by Articles, the names of all members be signed thereto.
  until Monday.
 The Committee also reported reso lution authorizing the President to have the official report of the first three days of the Convention published.
 Section 4 of the Article on Corpora tions was read. It requires foreign corporations to file with the Secretary of State the Articles of Incorporation. It also requires foreign corporations to pay the same franchise tax as is re- quired of domestic corporations. It also provides that strictly benevolent, edu- cational and religious corporations shall not pay such a franchise tax.
 An amendment by MT. Kyle of Eto- wha, confining the tax to franchises in Alabama, was accepted and the amend ed section was adopted without divi- sion.
 Section 5 was read. It provides that no corporation shall engage In any bus iness other than that expressly author ized in its charter or articles of incor- poratioM.
 MT. Pettus of Limestone, sent up an amendment providing that corporations which violate Section 5 shall be liable in damages to persons or corporations which are injured. MT. Pettus ad- dressed the Convention and showed thst the State needed such self-opera- tive laws jn its Constitution.
 On motion of Mir. Boone of Mobile, the Pettus amendment was tabled.
 Mr. Smith of Mobile. sent up an amendment which simply struck out the section and provided that no cor poration should engage in any business other than that authorized by law.
 The Smith amendment was defeated and by a further. vote Section was adopted.
 Section 6 relating to issuance of stock by corporations was adopted without division.
 Section was read. It provides that corporations shall properly compensate property owners for condemned prop erty and prohibits the legislature from denying the right of appeal to the courts. The right of entry upon the property, however. Is not to be prohib- ited pending an appeal where such cor poration makes indemnity bond provid- ed by law.
 MT. Beddow of Jefferson, sent up an amendment to strike out that part of the Section permitting right Of entry pending an appeal.
 Judge Walker of Madison, sent up an amendment that bond shall be fixed at double the amount of damages to the property. The amendment was &C., cepted by the Committee. Judge Cobb of Macon sent up an amendment to the Bedaow amendment and addressed hte Convention. Captain White spoke for the Bed dow amendment and MT. Smith of Mo
 bile made an elaborate legal argument in support of the committee report on motion of MT. Almon of Law
 renee the amendment of Judge Cobb | was tabled.
 The Beddow amendment was tabled and by further vote Section ' was | adopted and Judge Cobb gave notice that he would move to reconsider. Section s was read. It relates to se- | curing dues from private corporations The section is the same as the pres ent Constitution and on motion of Mir Opp of Covington the sectian was l adopted.
 On motion of General Harrison fur | ther consideration of the report of the Committee on Corporations was post poned until Monday at F o'clock. MT Sanford of Pike, Chairman of the Committee on Engrossment, sent up the article on judiciary which he said had ben correctly engrosSed. Only Section 28 relating to Solicitors was read and | the article was adopted. ayes 79 nays 2. It was referred to the Committee on Harmony.
 At 5:45 the Convention adjourned un- til Monday at 12 o'clock. "-.%