The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1907-05-06

created nor AQfllAu euEllEaAlNA Al-eAi-2A
to conduct business fin this state excepe
/ by general law.
Sec. 39.No corporation shall Issue stock
except for money labor done. or prop
erty actually received 10 the amount Of
the par value thereof and all fictitious
increase Of stock or bonded indebted
ness shall be void and the legislature
shall prescribe the necessary regulations
to prevent the Issue OF fictitious stock
or bonded indebtedness. The stock ana
Indebtedness OF corporations email no. Se
increased except in pursuance Of general
law. nor without the consent Of the per
sons holding the larger amount IN value
OF the stock first obtained at a meeting
to be held after thirty days notice, gwen
in pursuance OF law.
Sec 20. No corporation organized or do
ing buslness in this state shall be per-
mitted to Influence elections or official
duty By contributions OF money or any
thing Of value.
Sec. A. No corporation chartered or IL
censed to do business in this state shall
own. hold or control. in any manner
I whatever the stock Of any competitive
corporation or corporations engaged in
the same kind OF business. in or out OF
the state. except such stock a may be
pledged In good faith to secure bona
fide indebtedness acquired upon foreclos-
ure,e xecution. sale or otherwise for the
satisfaction OF debt in ell cases where
any corporation acquires stock in any
other corporations. as herein provided. II
shall be required to dispose OF the same
within twelve months from the date Of
acquisition; and during hte time Of the
period Of its ownership OF such stock i
shall have no right TO participate in the
control Of such corporation. except when
permitted by order Of the corporation
commission. No trust company bank or
banking company shall own. hold or con-
troll. in any manner whatever. the stock
Of any other trust company bank or
banking company. except such stock as
may be pledged in good faith to secure
bona fide Indebtedness acquired upon
foreclosure. execution. sale or otherwise
for the satisfaction OF debt: and such
stock shall be disposed u IN the time
and manner hereinbefore provided.
Sec. AZ. Every license issued or char
ter granted 10 a mining or public serv-
ice corporation. foreign or domestic. shall
contain a stipulation that such corpora
tion win submit any difference It ma,
have with employees in reference to labor
to arbitration, as shall be provided b,
! law.
Sec. 43. No corporation. foreign or DO
! nestle. shall be permitted to do business
nthis state without first filing in th'
office Of the corporation commission I
list OF its stockholders, officers and di
: rectors. with the residence and postoffic,
address and the amount Of stock beini
held BY each. And every foreign cor.
poration ,h.a n before being licensed to d
business in this state. designate an agen
residing in the state. and such designates
agent or other agents as now are o
may hereafter be provided by law. ant
service OF summons or legal notice ma,
be had upon whom suit may be maintain
! ed against a foreign corporation in tn
county where any agent OF such corpora
tion may be found or In the county OF tn
residence OF plaintiff. or in the count
where the cause OF action may arise.
!. Sec. A. No foreign corporation sha
be authorized TO carry on IN this stat
any business which domestic corpora
ton is prohibited from doing. or be re
: iieved from compliance with any OF tn
requirements made OF similar domesti
corporation by tnG constitution or law
OF the state. Nothing III this article
: however, shall restrict the power OF tn
legislature 10 discriminate against an
foreign corporation whenever and Il
whatever respect it may deem wise 0
? expedlent
Sec. 45, No foreign corporation license
to do business in this state shall. with
out the consent Of the other party to an
suit or proceeding brought by or agains
! It in any court Of th- state. remove In
same 10 any federal court without for
I feiting its license to do business in Ii
h state.
Sec. IS. No person. firm. association {
corporation engaged In tile production
Il manufacture, distribution or sale OF an
5 commodity Of general use shall discrlm
s nate between different persons, firms
s corporations or sections. communities
: cities Of the state by selling such con
= modify at lower rate in one section
Z community or city after making due a
y Iowance for the difference. IL any.
n the grade or quality, and In the actu
d cost OF transportation from the point
e production or manufacture
+ Sec. A. All existing charters
IS grants of special or exclusive privilege
Ie under which bona fide organization
d shall not have taken place, and busine
'e commenced in good faith AT the tin
l. this Constitution becomes effective, shs
N thereafter have no validity.
> Sec. As. The Legislature shall ha,
y power to alter. amend. annul. revoke,
ar repeal any charter Of Incorporation
2 franchise now existing and subject to |
, altered, amended. annuled, revoked ,
e. appealed at the time OF the adoption
,r this Constitution, or any that may /
$, hereafter created, whenever in its opinic
es 1t may be injurious to the citizens Of tn
IN State. in such manner however. that
r. injustice shall be done to the incorpori
/ ton.
\ ARTICLE X.