by the government of the Commonwealth of Pennsylvania

Name: Constitution of the Commonwealth of Pennsylvania 1874, Article 16 — Constitution of the Commonwealth of Pennsylvania 1874
Author: by the government of the Commonwealth of Pennsylvania

Constitution of the Commonwealth of Pennsylvania 1874… (1874)

Summary

“Constitution of the Commonwealth of Pennsylvania 1874, Article 16 — Constitution of the Commonwealth of Pennsylvania 1874”, published in 1874, is a work by by the government of the Commonwealth of Pennsylvania. It explores elements such as The General Assembly, corporation and charter.

Quotes from Constitution of the Commonwealth of Pennsylvania 1874… (by the government of the Commonwealth of Pennsylvania)

by the government of the Commonwealth of Pennsylvania, Constitution of the Commonwealth of Pennsylvania 1874… (1874)

“ The exercise of the right of eminent domain shall never be abridged or so construed as to prevent the General Assembly from taking the property and franchises of incorporated companies, and subjecting them to public use, the same as the property of individuals ”

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Source: Wikisource

by the government of the Commonwealth of Pennsylvania, Constitution of the Commonwealth of Pennsylvania 1874… (1874)

“ No corporations shall issue stocks or bonds except for money, labor done, or money or property actually received; and all fictitious increase of stock or indebtedness shall be void. The stock and indebtedness of corporations shall not be increased except in pursuance of general law, nor without the consent of the persons holding the larger amount in value of the stock, first obtained at a meeting to be held after sixty days notice given in pursuance of law. ”

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Source: Wikisource

by the government of the Commonwealth of Pennsylvania, Constitution of the Commonwealth of Pennsylvania 1874… (1874)

“ No law to create, &c., more than one charter. 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 this Commonwealth, in such manner, however, that no injustice shall be done to the corporators. No law hereafter enacted shall create, renew or extend the charter of more than one corporation. ”

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Source: Wikisource

by the government of the Commonwealth of Pennsylvania, Constitution of the Commonwealth of Pennsylvania 1874… (1874)

“ Municipal and other corporations and individuals invested with the privilege of taking private property for public use shall make just compensation for property taken, injured or destroyed by the construction or enlargement of their works, highways or improvements, which compensation shall be paid or secured before such taking, injury or destruction. The General Assembly is hereby prohibited from depriving any person of an appeal from any preliminary assessment of damages against any such corporations or individuals made by viewers or otherwise ”

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Source: Wikisource

by the government of the Commonwealth of Pennsylvania, Constitution of the Commonwealth of Pennsylvania 1874… (1874)

“ No corporate body to possess banking and discounting privileges shall be created or organized in pursuance of any law without three months' previous public notice, at the place of the intended location, of the intention to apply for such privileges, in such manner as shall be prescribed by law, nor shall a charter for such privilege be granted for a longer period than twenty years. ”

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Source: Wikisource

by the government of the Commonwealth of Pennsylvania, Constitution of the Commonwealth of Pennsylvania 1874… (1874)

“ Section 12 Any association or corporation organized for the purpose, or any individual, shall have the right to construct and maintain lines of telegraph within this State, and to connect the same with other lines, and the General Assembly shall, by general law of uniform operation, provide reasonable regulations to give full effect to this section. No telegraph company shall consolidate with, or hold a controlling interest in the stock or bonds of, any other telegraph company owning a competing line, or acquire, by purchase or otherwise, any other competing line of telegraph. ”

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Source: Wikisource

by the government of the Commonwealth of Pennsylvania, Constitution of the Commonwealth of Pennsylvania 1874… (1874)

“ Corporations not to engage in business unauthorized by their charters. No corporation shall engage in any business other than that expressly authorized in its charter, nor shall it take or hold any real estate except such as may be necessary and proper for its legitimate business. ”

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Source: Wikisource

by the government of the Commonwealth of Pennsylvania, Constitution of the Commonwealth of Pennsylvania 1874… (1874)

“ All existing charters, or grants of special or exclusive privileges, under which a bona fide organization shall not have taken place and business been commenced in good faith, at the time of the adoption of this Constitution, shall thereafter have no validity. ”

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Source: Wikisource

by the government of the Commonwealth of Pennsylvania, Constitution of the Commonwealth of Pennsylvania 1874… (1874)

“ In all elections for directors or managers of a corporation each member or shareholder may cast the whole number of his votes for one candidate, or distribute them upon two or more candidates, as he may prefer.Foreign corporations to have places of business in State. ”

by the government of the Commonwealth of Pennsylvania

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Quotes from Constitution of the Commonwealth of Pennsylvania 1874… (by the government of the Commonwealth of Pennsylvania)

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