The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1906-12-22


tarffs on the dinerent railroads in tn,
state and enforce the same by ade
quate penalties; and to the furthe
accomplishments Of these objects ant
purposes may provide and establish
all requisite means and agencies in
vested with such powers as may b,
deemed adequate and advisa Bile CAS-
amended In 1S90)
Sec. 3. Every railroad or other cor
porations, organized or doing business
In this state under the laws or ar
thOrity thereof, shall have and main
tain q p1bl ic Office or place ia this
state or the transaction of It's bust
ness. whore transfers Of stock shal
he made and whore shall be kept
for inspection by the stockholders OF
such corporations, books in which
shall be recorded the amount of capi
tai stock Subscribed. the names of the
owners OF the stock, the amounts
owned by them respectively, thf
ano mt of stock paid, and by whom
the transfer of said stock with the
date Of the transfer the amount o.
It's assets and liabilities, and tho
names and places Of residencr Of its
officers. The directors of every rail
rced company shall hold one meeting
annually In this state rgblic notice o
which shall be given thirty days pre-
yiously and the president or super
intendent shall report annually. under
oatn, to the comptroller or governor
their acts and doings which report
shall include such matters relating tc
railroads. as may be prescribed by
law. The legislature snail pass laws
enioring by suitable penalties the
provisions of this section
Sec. A. The rolling stock and al
other movabl e property belonging tc
any railroad company or corpcration
in this state shall be considered per
sonal property, ana its real and per
sonal property On any part thereof
slall be liable to execution and sale
in the same manner as the property
Of individuals: and the legislature
shall pass no laws eXempting any
such property from execution and
sale
Sec. 8. No railroad or other corpo.
ration, or the lessees. purchasers or
managers OF any railroad corporation
shall consolidate the stock property
or franchises of sgch corporation with
or lease or purchase the works or
franc hises of, or In any way control
any railroad corporation owning or
having under it's control a parallel
or competing line; nor shall any Off
Ger of snch railroad corporation act
as an officer of any other railroad
corporation owning or having the con
troll of a parallel or competing line
Sec. q No railroad company orga
nized under the laws OF this state
shall consolidate by private or Ju-
dicial sale or otherwise with any rail
road company organized under tho
laws OF any other state of the Uai,ed
States,
sec Z. Nc law shall be passed by
the legislature granting the right To
construct and operate "a street rail
road within any city town OF village
or upon any public highway. without
FIRST acquiring the consent of the local
authorities having control o. the
street or highway proposed to be oe-
cupied by such street railroad.
Soc. s. No gairad corporation in
existence at the time Of the adoption
OF this consti,ct,on shall have the
benefits of aay future legislation ex.
cept on condition OF eonplote accept
constitution applicable to railroads.
anee Of all the provisions Of this
Sec. Q. No railroad hereafter CON
strtctod in this state shall pass with
In a distance of three miles of any
county seat without passing through
The same. and establishing and main
taining q depot thoreln. unless pre-
vented By natural obstacles. such as
streams, hills on moentains; pro
yided, cuch town or its citizens shall
grant the rirht Of way through its
limits aud sufficient grounds for or
dmary depot purposes.
Sec. io No railrosl telephone
telegraph express or other public
service corporation shah ever issue
hoads and stocks IN excess OF the
cost of its property Tor labor material
and right OF way
Sec H. No railroad shall operate
It's lines In this state for longer
period thsn ave years without having
snoh lines improved and ballasied az
cordlng 90 the standard approved by
the railroad commission
section ~. No railroad or other
public service CORPORATION shall ever
be permitted 20 estabish and enforce
ach schedule of charges as will
pay net INCOME oi more than twelve
ppr cent per amman, on the actual
cost OF construction OF lts property
Sec l3 There Is hereby created a
railroad commission composed OF
three. 10 be elected by the state az
large. who shall have fnll control of
am rates. tariffs, charges accounts
and ar other matters pertaining 10
railroads. express. telephone. telO.
graph and other transportation and
iransnissicn companies and an pub.
lio service corporations, They snail
p ne fgll power under law, TO reg4.
late and control an matters Of such
ccrQanics and corporations as they
pertain 10 nc rights Of individuals or
the public in this state Said eommia-
sion shall also have supervision and