The age-herald., 1901-09-08

!
 herein provided, in excess Of said per centum shall not be used for any pur-
 pose other than that for which said op,
 ligations were issued. Nothing contalieo
 in this article shall prevent the iunuile or refunding of existing indebtedness. | This section shall not apply to the cieiee | of Sheffield and Tuscumbia.
 | 226. No city, town or village, Whose present indebtedness exceeds the nm !,
 tion imposed by this constitution snah
 be allowed to become indebted In any iuI5
 ther amount except as otherwise proHiueu
 in this Constitution. until such indebted | ness shall be reduced within such limit | provided however, that nothing herem | contained shall prevent any munlclpailty | except the city of Gadsden rom issuins
 bonds already authorized by law pr0Viu.
 ed further, this section shall not apply to | the cities of Sheffield and Tuscumpla. 1 227. Any person, firm or corporaeion | who may construct or operate any pupllc | utility along or across the public streets | of any city, town or village, uhoer any
 privileges or franchise permitting sucn construction or operation, snail De hapie | to abutting proprietors TOT the aceual damages done to the aDutths property on account of such construction or ope- | ration.
 22S No city or town having population of more than six thousand shall have | authority to grant to any person, hrm' | corporation or association the right 10 use | Its streets, avenues alleys or public places l for the construction or operation of water
 works, gas works, telephone or telegraph
 lines, electric light or power plants. steam ] or other heating plants, street railroads
 or any other public utility except railroads | other than street railroads, Tor a longer
 period than thirty years
 Private Corporations. l 229. The Legislature shall pass no spe- | cial act conferring corporate powers, Dut
 shall pass general laws under which cor> | porations may be organized and corporate | powers obtained, subject, nevertheless, 10
 repeal at the will of the Legislature; and | shall pass general laws under Whtch charters may be altered or amended. The | Legislature shall, by general law, provide | for the payment to the State or Alabama
 of a franchise tax by corporations organ | iZed under the laws of this State. Wnlcn
 shall be in proportion to the amount or | capital stock; but strictly beneVolenr, ed- | ucational or religious corporations shall
 not be required to pay such tax. The | charter of any corporation shall be sub | ject to amendment, alteration or repeal
 under general laws.
 | 230 All existing charters, under which l bona fide organization shall not have
 taken place and business commenced 1n | good faith within twelve nonths from | the time of the ratification 0f This consti- | tuition shall therea ter have nc validity | 23l. The Legis.a are shall not remit the | forfeiture of the charter of any corpora | tion now existing or alter or amend the | same or pass any general or spec'al law | for the beneat of such corporati )n, o:ter | than In ex acutlon of a trust created ty | law or by contract, except upon cond1 lon | that such corporation shall thereafter | hold it's charter subject to the provisions | of this constitution. 232 No foreign corporation shall do | any business in this State without having
 at least one known place of business and an authorized agent or agents therein and | without filing with the Secretary of State | a certified copy of it's articles of incorpo- | ration or association. Such corporation | may be sued in any county where 1t does | business, by service of process upon the | agent anywhere in the State. The Legis- | lature shall, by general law, provide for | the payment to the State of Alabama of | franchise tax by such corporation. but | such franchise tax shall be based on the 1 actual amount of capital employed in this | State. Strictly benevolent, educational or | religious corporations shall not be requir- ed to pay such a tax. | 233 No corporation shall engage In any l business other than that expressly au- | thorized in its charter or articles of in- | corporation.
 | 23i No corporation shall issue stock or l DOnuS except TOT money, ldDOT uOne OT | property actually received; and all ficti- l tious increase of stock or indebtedness | shall be void. The stock and bonded in | debtedneSs of corporations shall not be in creased except in pursuance of general
 laws, not without the consent of the per | sons holding the largest amount in value | of stock, first obtained at meeting to
 be held after thirty days notice, given | in pursuance of law.
 235. Municipal and other corporations and individuals invested with the priyi- | lege of taking property for public use, | shall make just compensation, to be as- l certained as may be provided by law, for
 the property taken, injured or destroyed | by the construction or enlargement of | its works, highways or Improvements, | which compensation shall be paid before | such taking, injury or destruction. The | Legislature Is hereby prohibited from de- | nying the right of appeal from any pre- -liminary assessment of damages against | any such corporations or individuals made | by viewers or otherwise, but such appeal | shall not deprive those who have obtained | the judgment in condemnation from | right of entry, provided the amount of | the damages assessed shall have been paid | into court in money and bond shall have | been given in not less than double the | amount of the damages assessed, with | good and sufficient sureties to pay such 1 damages as the property owner may Sus- | tain; and the amount of damages in all | cases of appeal shall, on demand of either | party be determined by Jury according | to law.
 | 236. Dues from private corporations shall be secured by such means as may be prescribed by law; but in no case shall
 any stockholder be individually liable
 otherwise than for the unpaid stock owned
 by him or her.
 237. No corporation shall issue preferred eyfa olr xtritI fhn af fha
 of two-thirds of the stock of said corpo-
 ration.
 23S. The Legislature shall have the
 power to alter, amend or revoke any char ter of incorporation now existing and re-
 vocable at the ratification of this consti- tuition, or any that may be hereafter cre- ated, whenever in its opinion, such char ter may be injurious to the citizens of this State. in such manner however, that no injustice shall be done to the stock holders.
 239 Any association or corporation or
 ganized for the purpose, or any individ- ual, shall have the right to construct and maintain lines of telegraph and tel l ephone within this State and connect
 the same with other lines. and the Leg
 islature shall, by general law of uniform | operation. provide reasonable regulations
 to give full effect to this section. No tel | egraph or telephone company shall con- | solidate with or hold a controlling in- terest in the stock or bonds of any other | telegraph or telephone company owning | a competing line. or acquire by purchase l or otherwise, any other competing line of | telegraph or telephone.
 | 240 All corporations shall have the