Middletown transcript., 1916-10-14
CONSTITUTIONAL AMENDMENT

An Act Proposing an Amendment to
Section of Article 9, of the Constitu-
.tion of the State of Delaware, in Re-
lation to Corporations.
j Be IT ENACTED by the Senate and
House of Rep! esentatives of the State
of Delaware in General Assembly met
(two-thirds of all the members elected
to each House concurring therein:)
; Section 1. That Section of Article
8 of the constitution of the State Of
Delaware be amended by striking out
all of Section l of said Article 9, and
inserting in lieu thereof the following:
! ''Section l. No corporation shall
hereafter be created, amended, renew
ed or revived by special act, but only
= by or under general law, nor shall any
existing corporate charter be amended,
renewed, or revived by special act, but
only by or under general law; but the
| foregoing provisions shall not apply to
: municipal corporations, banks, trust
companies possessing banking power, or
! corporations for charitable, penal, re-
| fOrma tory, or educational purposes,
sustained in whole or in part by the
State, all of which said last mentioned
corpol ations shall be created, amended,
renewed or revived only by special act,
and shall possess only those powers,
rights, privileges and franchises con-
ferred by the special act creating,
amending, renewing or reviving them,
and shall not merge or consolidate with
| any other corporation except upon tie
consent and approval of the General
Assembly, two-thirds of all the mem
bers elected to each House thereof con-
curing therein. The General Assem-
bly, shall, by general law, provide for
the revocation or forfeiture of the
charters of all corporations for the
abuse, misuse or non use of their
corporate powers, privileges or
franchises. Any proceeding for such
revocation or forfeiture shall be taken
by the Attorney-General, as may be
provided by law. No general incor-
poration law, nor any special act of
incorporation, shall be enacted without
the concurrence of tWo-thirds of all the
members elected to each House of the
General Assembly, and with a reserved
power of amendment, revocation or re-
peal by the General Assembly with the
concurrence of two-thirds of all the
members elected to each House there
of"
COLEN FERGUSON,
President of the Senate
CHARLES H. GRANTLAND,
Speaker of the House.
Approved March 18th, 1915.
CHARLES R. MILLER, Governor.
l, Geo. H. Hall, Secretary of State
of The State of Delaware, do hereby
certify that the above and foregoing is
a true and correct copy of Senate Bill
/ No. 95, entitled IAN Act Proposing an
Amendment to Section l of Article 9,
of the Constitution of the State of Del
aware, in Relation to Corporations, as
the same appears on the enrolled Bill
filed in the office of the Secretary of
State and approved by the Governor
March sixteenth, A. D. 1915. which
said Bill proposing such Amendment to
the Constitution of this State is
published in accordance with the re-
quirements Of the Constitution of the
State.
In TESTIMONY WHEREOF, l have here
/ unto set my hand and official
| seal at Dover, this twenty
seventh day of July, in the
GsEAL1 year of our Lord, One Thous-
and Nine Hundred and Six
teen.
GEO. H. HALL,
Secretary of State.