Graham guardian., 1911-01-27

! dTClcleS OI incorporation OF ceTu-
fed copy thereof with the Corpora
ton Commission, and without hav-
ing one or more known places of
business and an authorized agent. or
agents, in the State upon whom pro-
cess may be served. Suit may be
maintained against a foreign cor
poration in the county where an
agent of such corporation may be
found, or in the county where the
cause of action may arise.
Sec. 8. The right of exercising
eminent domain shall never be so
abridged or construed as to prevent
the State from taking the property
and the franchises Of Incorporated
companies and subjecting them to
public use the same as the property
of individuals.
Sec. 10. In all elections for di-
rectors or managers of any corpora
ton, each shareholder shall have the
right to cast as many votes in the
aggregate as he shall be entitled to
vote in said company under its char
ter multiplied by the number of di-
rectors or managers to be elected at
such election; and each shareholder
may cast the whole number of votes,
either in person or by proxy, for
one candidate, or distribute such
votes among two or more such can
didates; and such directors or mana
gers shall not be elected otherwise.
Sec. II. The shareholders or
stockholders of every banking or in
surance corporation or association
be held individually responsible,
equally and ratably, and not one for
another, for all contracts, debts and
engagements Of such corporation or
association, to the extent of the
amount of their stock therein, at the
par value thereof, in addition to the
amount invested in such shares or
stock.
Sec. IL. Any president, director.
manager, cashier or other officer Of
any banking institution who shall
receive, or assent to, the reception
of any deposits after he shall have
knowledge of the fact that such
banking institution is insolvent or in
failing circumstances shall be in
dividually responsible for such de-
posits. .........
Sec. 13. No persons acting as a
corporation under the laws of Ari-
zona shall be permitted to set up,
or rely upon, the want Of legal
organization as a defense to any ac-
ton which may be brought against
them as a corporation. nor shall any
person or persons who may be sued
on contract now or hereafter made
with such corporation, or sued for
any injury now or hereafter done to
its property, or for wrong done to
its interests, be permitted to rely
upon such want Of legal organiza-
ton in his or their defense.
Sec. IA. This Article shall not be
construed to deny the right Of the
Legislative power to impose other
conditions upon corporations than
those herein contained.
| Sec. Is. Monopolies and trusts
shall never be allowed in this State,
and no incorporated company, CO.
partnership, or association Of per-
sons in this State shall directly or
indirectly combine or make any con.
tract, with any incorporated COM
pany, foreign or domestic. through
their stockholders or the trustees or
assigns of such stockholders or with
any co-partnership or association of
persons, or. in any manner what
ever, to fix the prices, limit the pro-
Eduction, or regulate the transporta-
ton Of any product or commodity.
The Legislature shall enact laws for
the enforcement Of this Section by
adequate penalties, and in the case
Of Incorporated companies, if neces-
sary for that purpose, may. as a
penalty declare a forfeiture Of their
franchises.
| Sec. 16. The records, books and
files of all public service corpora
tions, State banks, building and loan
associations, trust, insurance, and
guaranty companies shall be at all
times liable and subject to the full
visitorial and inQuisitorial powers of
the State, notwithstanding the i'm
munities and privileges secured in
the Declaration Of Rights Of this
Constitution to persons, inhabitants
and citizens Of this State.
Sec. II. Provision shall be made
by law for the payment Of a fee to
the State by every domestic corpor-
alton, upon the grant, amendment
or extension of it's charter, and by
every foreign corporation upon its
obtaining a license to do business in
this State; and also for the payment
by every domestic corporation and
foreign corporation doing business
in this State, of an annual registra-
ton fee of not less than ten dollars.
which fee shall be paid irrespective
Of any specific license or other tax
imposed by law upon such company
for the privilege Of carrying on its
business in this State, or upon its
franchise or property; and for the
making, by every such corporation,