The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1903-02-28

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copy of the Connolly Meachum antitrust law,
which is made up of the administration bill and
a former bill introduced by the above named
gentlemen 1t takes the features OF both bills
and makes as they term it, good antitrust
law This bill expressly repeats all former laws
on the subject;
! AN ACT to define, prohibit and declare illegal
trusts, monopolies and conspracies IN re-
strant of trade and to prescribe penalties tor
forming or being connected with such trusts
monopoes and conspiracies and to provide
for the suppression Of the same and to pro-
mote free competition i'll the State OF Texas,
and to repeal all laws in conflict herewith
Be it enacted by tho legislature Of the State
Of Texas;
capital, skill or acts by two more persons,
firms, corporations associations OF persons or
either two or more OF them Tor either, any or all
of the following purposes;
l. To create or which may tend to create or
carry out restrictions in trade or commerce or
aids to commerce or in the preparation OF any
product for market transportation or to ere
ate or carry out restrictions in the free pursuit
of any business authorized permitted by laws
of this State
. To fix, maintain increase or reduce the
price of merchandise, produce commodities or
the cost OF insurance or the preparation OF any
product for market transportation.
3. To prevent or lessen competition in the
manufacture making, transportation, sale or pur-
chase of merchandise, produce or commodities,
the business of insurance, or to prevent or les
sen competition in aids to commerce or in the
preparation OF any product for market or trans
portation
A. To fix or maintain any standard or figure
whereby the price Of any article commodity of
merchandise produce commerce, or the cost
of transportation, insurance the preparation of
any product for the market or transportation
shall be in any manner affected, controlled or
established
s. To make enter into, maintain, execute or
carry out any contract obligation agreement
by which the parties thereto bind, or have bound
themselves not to sell, dispose of transportation
to prepare for market or transportation any
article commodity to make any contract
of insurance at a price below common standard
or figure, by which they shall agree in any
manner to keep the price of such article or com
modify or charge for transportation insur-
ance or the cost of the preparation of any product
for market transportation at a fixed or graded
figure, or by which they shall in any manner
affect or maintain the price of any article or
commodity or the cost OF transportation in
surance or the cost of the preparation of any
product for market or transportation between
them themselves and others to preclude a
free and unrestricted competition among them
selves others in the sale or transportation
of any such article or commodity or business
of any product for market or transportation or
c by which they shall agree to pool, combine or
unite any interest they may have in connection
e with the sale purchase of any article or COM
modify or charge for transportation or insurance
r or charge for the preparation OF any product for
market or transportation whereby its price or
such charge might be in any manner affected
? 6. To regulate, fix limit the output of any
S article or commodity which may be manufac
3 tured, mined, produced Sold the amount
of insurance which may be undertaken or the
amount of work that may be done in the prep
aration OF any product for market transport
tation
7. To abstain from engaging in continuing
d business or from the purchase sale of mcr-
! chandise, produce commodities partially or
entirely within the State OF Texas or any por-
ton thereof
4 Sec. 2. That a monopoly is a combination or
consolidation OF two more corporations when
effected in either of the following methods:
/. When the direction of affairs of two or
q more corporations is in any manner brought
60 under the same management control for the
purpose OF producing, where such common
management control tends to create, trust,
as defined in the first section of this act.
:, 2. Where any corporation acquires the shares
or certificates of stock or bonds, franchise or
e other rights the physical properties, or any
c part thereof, of any other corporation or or
porations, for the purpose of preventing or les
- tends to affect lesset competition whether
t such acquisition is accomplished directly or
through the instrumenality of trustees or other
u wise,
Sec. 3, That either or any of the following
acts shall constitute conspiracy in restraint Of
trade
Where any two or more persons, FIRMS,
; corporations or associations OF persons who are
= engaged in buying or selling any article Of mer-
Z chandlse, produce any commodity enter into
a an agreement or understanding to refuse to buy
1 from or sell to any other person, firm, corpora
ton or association of persons any article of
8. merchandise produce commodity.
2. Where any two or more persons. firms
1t corporations or associations OF persons shall
e agree to boycott or threaten to refuse to buy
q from or sell to any person, firm, corporation or
association OF persons for buying from or SELL
ing to any other person, firm, corporation or as
w. ISOLATION of persons,
&c Sec. 4, Any and all trusts monopolies and con-
l- spiraees in restraint of trade as herein defined
IS are hereby prohibited and declared to be IL
it legal
Sec S Any corporation holding charter I'M
der the laws OF the State Of Texas which shall
a violate any of the provisions OF this act shall
a thereby forfeit its charter and franchise and its
y corporate existence shall cease and determine
!; sec. o. For a violation of any OF the pro-
L visions Of this act by any corporation mentioned
herein. it shall be the duty OF the attorney GEN.
Il era upon his own motion and without leave or
order Of any Judge or court. to institute sut Or
quo "arranio proceedings in Travis county at
Il austin or al the county seat Of any county In
- the State, where such corporations exists does
business or may have domicile for the for
d 4SICie OF us charter rights and franchise. and
n INC dissolution OF its corporate existence