COMPARISON OF CONSTITUTIONS

	PROPOSED CONSTITUTION OF 1968	CONSTITUTION OF 1867
	Section 9.10. Corporation Charters.	Art. III, sec. 48. Corporations may be
	Corporations may be formed under general	formed under general Laws, but shall not
	laws, but shall not be created by special act,	be created by special act, except for
	except in cases where no general laws exist	municipal purposes and except in cases
	providing for the creation of corporations of	where no general Laws exist, providing for
	the same general character as the corporation	the creation of corporations of the same
	proposed to be created; and any act of incor-	general character, as the corporation pro-
	poration passed in violation of this section	posed to be created; and any act of in-
	shall be void. All charters granted, or adopt-	corporation passed in violation of this sec-
	ed, in pursuance of this section, and all	tion shall be void. All charters granted, or
	charters heretofore granted and created sub-	adopted, in pursuance of this section, and
	ject to repeal or modification may be altered,	all charters heretofore granted and created,
	from time to time, or be repealed; provided	subject to repeal or modification, may be
	nothing herein contained shall be construed	altered, from time to time, or be repealed;
	to extend to banks or the incorporation	provided, nothing herein contained shall be
	thereof. The General Assembly shall not al-	construed to extend to Banks, or the in-
	ter or amend the charter of any corporation	corporation thereof. The General Assembly
	existing on December 3, 1891, or pass any	shall not alter or amend the charter of any
	other general or special law for the benefit	corporation existing at the time of the
	of such corporation except upon the condi-	adoption of this Article, or pass any other
	tion that such corporation shall surrender all	general or special law for the benefit of
	claim to exemption from taxation or from	such corporation except upon the condition
	the repeal or modification of its charter, and	that such corporation shall surrender all
	that such corporation shall thereafter hold	claim to exemption from taxation or from
	its charter subject to the provisions of this	the repeal or modification of its charter,
	Constitution; and any corporation chartered	and that such corporation shall thereafter
	by this State which shall accept, use, enjoy,	hold its charter subject to the provisions of
	or in any wise avail itself of any rights, priv-	this Constitution; and any corporation
	ileges, or advantages granted or conferred by	chartered by this State which shall accept,
	any general or special act, shall be conclu-	use, enjoy, or in any wise avail itself of
	sively presumed to have thereby surrendered	any rights, privileges, or advantages that
	any exemption from taxation to which it	may hereafter be granted or conferred by
	may be entitled under its charter and shall	any general or special Act, shall be con-
	be thereafter subject to taxation as if no	clusively presumed to have thereby sur-
	such exemption has been granted by its char-	rendered any exemption from taxation to
	ter except to the extent that application of	which it may be entitled under its charter,
	this section may be prohibited by Article I,	and shall be thereafter subject to taxation
	Section 10, of the Constitution of the United	as if no such exemption has been granted
	States.	by its charter.
	ARTICLE 10. EFFECT AND AMEND-
	MENT OF CONSTITUTION
	Section 10.01. Effective Date of Constitu-	Vote on the Constitution.
	tion. This Constitution shall become effective, and the Constitution of 1867 as amended shall cease to be effective, on July 1, 1968, except as otherwise specifically provided in the Schedule of Transitional Provisions at- tached to this Constitution.	For the purpose of ascertaining the sense of the people of this State, in regard to the adoption, or rejection of this Constitu- tion, the Governor shall issue his Procla- mation within five days after the adjourn- ment of this Convention, directed to the Sheriffs of the City of Baltimore, and of the
		several Counties of this State, command-
		ing them to give notice, in the manner now
		prescribed by Law in reference to the elec-
		tion of members of the House of Delegates,
		that an election for the adoption or rejection
		of this Constitution, will be held in the
		City of Baltimore, and in the several Coun-
		ties of this State, on Wednesday, the Eight-

221