The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1908-07-17
ARTICLE XII
Corporations

Section 1. Corporations may be
formed under general laws. but shall
not be created, NOR SHALL ANY
RIGHTS, PRIVILEGES OR FRAN
CHISFS BE CONFERRED UPON
THEM. by special act OF THE LEG
STATURE. All laws HERETOFORE
OR HEREAFTER passed by the legis-
iature for the formation Of OR COZ
FERRING RIGHTS, PRIVILEGES
OR FRANCHISES UPON corporations
and all rights privileges or franchises
conferred by such laws may be amend
ed, altered, repealed OR ADVOCATED.
The above section is a revision and en-
,argement OF the first two sentences Of Sec. l,
of Art. XIV OF the present constitution and
omits the third sentence of said section,
may, by a two-thirds vote of the members
elected to each house, create a single bank
with branches" The words except for
q unicipal purposes also omitted from
the end Of the first sentence as provision is
made in Sec. q, Art. VIII, whereby munich
pal corporations may frame. adopt and
amend their charters, subject to general
laws. The words in capitals indicate the in
creased scope OF the section. the purpose be-
ing to further restrict the power Of the egis-
lature to grant corporate privileges by spe-
ca act and to extend its power of amend
ing corporate grants to laws heretofore or
hereafter passed.
Sec. 2, The term corporation" as
used in this article shall be construed
stock companies having any of the
powers or privileges OF corporations
not possessed by !" dividuals or part
nershipA. All corporations shall have
the right to sue and be subject to be
sued in all courts in like cases as nat
ural persons.
No change is made from Sec. II of Art XIV
Of the present constitution, except for the
purpose CT improving the phraseolcgy.
Sec. g. No con. Grafton shall be ere
ated for a longer period than thirty
years. except for municipal, railroad
INSURANCE, canal or CEMETERY
PURPOSES, OR CORPORATIONS
ORGANIZED WITHOUT ANY CAP
ITAL STOCK FOR RELIGIOUS,
BENEV CLIENT. SOCIAL OR FRA
TERNAL PURPOSES; but the legis-
lature may provide by general
laws. applicable TO any corpora tons,
for one or more extensions Of the term
OF such corporations, while such term
is running not exceeding thirty years
FOR each extension, on the consent of
not less than two-thirds of the capital
stock Of the corporations; and by like
general laws for the corporate reor-
ganization for a further peri ], not ex-
ceeding thirty years Of such corpora
lions whose terms lave eNr ired by linn
itation on the consent of not less than
four-fifths OF the capital stock.
This is a revision Of Sec. 10. Art. XIV Of
the present constitution. VI takes plank road
corporations out Of the list Of corporations
which may be organized for more than thirty
years. and adds TO such excepted list those
named I'm capitals. There is no good reason
for limiting the term Ct rel oOus ard the
other corporations above named when organ
lied without capital stock
Sec. A. The stockholders Of every cor
poration and joint stock association
shall be individually liable for all labor
performed for such corporation or as
sociation.
No change Is made from Sec. q Art XIV
Of the present constitution.
Sec. .. No Coz pOIation shall hold any
real estate for a longer period
than ten years. except such real estate
as shall be actually occupied by such
corporation in the exercise OF its fran
chises.
No change II made from Sec ~ OF Art XIV
the present constitution, except to omit
after the FIRST word estate" the words
hereafter acquired as being unnecessary
Sec. 6. The legislatu shall pass no
law renewing or extending any special
act OF Incorporation heretofore granted
This is revision OF Sec. OF Art. XIV OF
the present constitution, which prohibited
altering, amending. renewing or extending
any act or Incorporation granted before its
adoption without the assent Of two thirds
as TO municipal corporations The purpose
OF the revision is 90 entirely prohibit the r.
newing or extending OF any special act OF
Incorporation.
Sec Z. The legislature may. from
time TO time, pass laws establishing
reasonable maximum rates OF charges
for the transportation OF passengers
and freight on different railroads in
this state, AND MAY PASS LAWS