10,909

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be involved here.

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DELEGATE GALLAGHER: I don't see a head-on

3

collision in the matter, to be frank about it. I don't

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think we affect the stock market.

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THE CHAIRMAN: Delegate Case.

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DELEGATE CASE: Mr. Chairman, continuing with

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the point that Delegate Bothe made, to wit, the

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applicability of Section 3.17 (A) and its presence really

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making 3.17 (A) (b}; unnecessary ,is or is it not true that

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the General Assembly might pass a general law which

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would state in effect from this point on corporations

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shall be granted by legislative act?

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DELEGATE GALLAGHER: It could.

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DELEGATE CASE: And isn't what you are doing

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here an attempt to directly meet that and forestall it?

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DELEGATE GALLAGHER: Yes, I think that is

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the effect of this language.

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THE CHAIRMAN: Delegate Case.

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DELEGATE CASE: Now, with respect to the B&0,

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has the Supreme Court of the United States held in effect

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that it is within the sovereign power of the state to