Pierce Butler

“ The General Assembly shall have the power to alter, revoke or annul any charter of incorporation now existing and revocable at the adoption of this Constitution, or any that may hereafter be created, whenever, in their opinion, it may be injurious to the citizens of the State, in such manner, however, that no injustice shall be done to the corporators.' As to domestic corporations the Supreme Court has repeatedly held section 7137 to be a reasonable exertion of the state's power to prescribe the terms of charters of corporations organized under its laws. ”

“ The reservation of power to amend is a part of the contract between the state and the corporation and therefore section 10 of article 1 of the Federal Constitution does not apply. The reserved power is not unlimited and cannot be exerted to defeat the purpose for which the corporate powers were granted, or to take property without compensation, or arbitrarily to make alterations that are inconsistent with the scope and object of the charter or to destroy or impair any vested property right. ”

“ The petroleum company is a Delaware corporation authorized to do business in Arkansas and engaged in that state in the production and transportation of oil. Crawford and Moses' Digest of the Arkansas Statutes, § 7137, enacted March 8, 1907, declares that all corporations shall be liable for injuries sustained by any employee resulting from negligence of any other employee. ”