The Montgomery advertiser., 1901-09-22
THE MONTGOMERY AD7ERTIsER

{ Charming simplicity chsracterizes this Secretary of State . certified copy or It's articles of incorporation or associ- ation. Such corporation may pc sued In any county where 1t does business, 1 sgvwS.Is g .sssss sf pD2n Tn. n.ssia ture shall, by general law, provide for the payment to the State of Alabaraa nf franchise tax by such corporation, bu. such franchise tax shall be based on the actual amount of capital em- pioyed in this State. Strictly bencyo- lent. educational or religious corpora tions shall not be required to pay such
 m1 No corporation shall engage in any business other than that expressly authorized in its charter or articles of % ssl No corporation shan issus SfScka or bonds except for money. labor done or property actuaify received; and all fictitious increase of stock or indeb.od. ness shall be void. The stock and, bonded indebtedness, of corporations shall not be increased except in pursu- ance of general laws, nor without the consent of the persons holding the iarg- CT amount In value of stock. first obs tained at a meeting to be held after thirty days notice, given in pursuaIace
 as. Municipal and other corpora ltions and individuals invested with the privilege of taking property for tublics use. shall make just compensation. to hA asccrtained as may be provided by law. for the property taken injured CT destroyed by the construction or tn- iargement of its works, highways CT improvements, which compensatfon
 shall be paid before such taking. injury or destruction. The legislature is here : a L the riRhts of appeal from any preliminary assess
 ment of damages against any such cor
 porations or individuals made by view.
 CTS or otherwise, but such appeal shall.
 not deprive those who have obtained
 the Judgment of condemnation from
 right of entry, provided the amount Of
 the damages assessed shall have been
 paid into court in money and con1' shall have been given in not less than double the amount of the damages as-
 sessed, with good and sufficient sure-' ties. to pay such damages as the prop erty owner may sustain; and the amount of damages in all eases of ap-
 peal shall. on demand of either party,
 be determined by jury according to
 law.
 " ase. Dues from private corporations
 shall be secured by such means as may
 be prescribed by law; but Tn no case
 8nAll dNY bAOChAtOAAGk w AAAAessN@NS liable otherwise than for the unpaid
 stock owned by him or her.
 237. No corporation shall issue pre-
 ferred stock without the consent or the
 owners of two-thirds of the stock or
 said corporation. l5.-,{.
 23& The, Legislature shall nave tne
 power to alter, amend or revoke any
 charter of incorporation now existing and revocable at the ratification of this
 Constitution. or any that may be here after created. whenever, in It's opinion.
 such charter may be injurious to the
 citizens of this State, in such manner,
 however. that no injustice shah be done
 to the stockholders.
 23S. Any association or corporation
 organised for the purpose. or any indi-
 yidual. shall have the right to con-
 str,ict and maintain lines of telegraph
 and telephone within this State, and
 connect. the. same with other lines; ana
 the legislature shall, by general law Of
 uniform operation, provide reasonable
 regulations to give full effect to This section. No telegraph or telephone company shall consolidate with, or hold
 a controlling interest in the stock or
 bonds of. any other telegraph or te.s-
 phone company owning a competing line. or acquire, by purchase or other wise. any other competing line or tel- eyraph or telephone. 540. All corporations shall have the right to sue, and shall be subject to be
 sued. in all courts in like eases as nat
 .sM The term ''corporatjon," as used | in this article, shall be construed to in- clude all joint stock companies and | all associations having any of the pow CTS or privileges of corporations not possessed by individuals or partner- ships. .a' . RAILROADS AND CANALS. =. PAP All railroads and canals not constructed and used exclusively for private purposes shall be public high ways, and ali railroad and canal9con-' panies shall be common carriers. Any association or corporation organized for the purpose shall have the right to construct and operate a railway be- tween any points in this State. and to connect at the State line with railroads of other States. Every railroad com pany shall have the right with its road to intersect, connect with .or cross any other railroad. and each shall receive and transport the freight and passen-
 gers and cars. loaded or empty. of the others without delay or discrimination.
 243. The power and authority or reg
 ulating railroad freight and passenger tariffs, the locating and building or passenger and freight depots, correct ing abuses, preventing unjust discrim- ination and extortion and requiring
 reasonable and just rate of freight ana passenger tariffs. are hereby conferred upon the Legislature, whose duty 1t shall be to pass laws from time to time regulating freight and passenger tariffs, to prohibit unjust discrimina- tion on the various railroars. canals and rivers of the State and to prohiplt | the charging of other than just ana reasonable rates, and enforce the same by adequate penalties PA No railroad or other transports ton company or corporation shall grant | free passes or sell tickets or passes at discount. other than as sold t9 the public generally, to any member or the L1exislatufe, or to any officer exercising Judicial functionS under the laws of this State and any such member or officer receiving such pass, or ticket
 for himself or procuring the same for another shall be guilty of a misde-
 meanor, and upon conviction shall ne
 fined not exceeding five hundred dol
 lars and at the discretion of the court
 trying the case, in addition to such hne.
 may be imprisoned for term not ex-
 ceedinR six months. and upon convic-
 tion. shall be subject to impeachment and removal from ofice. The courts
 having Jurisdiction shall give this law
 specially in charge to the grand turtes.
 and when the evidence is sufficient to
 authorize an indictment, the grand jury
 must present a true bill That the Clr-
 cult Court or any other Court or like Ju
 risdiction ,o, in any sS county ynepabeg aheg % oT saicsr Ia traneported by the use