10,926

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removed or tampered with after the conferral; that you have

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to have a kind of existing blanket sentence such as this

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so that any charter created takes any -- any corporation

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created takes its charter subject to this overall caveat.

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DELEGATE SCANLAN: If we started with a blank slate

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couldn't the legislature pass an overall incorporation

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statute after which, of course, the chartering and amending

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of corporate charters would take place?

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I am not suggesting tha,t the legislature wouldn't

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act under a master set of laws.

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Doesn't the General Assembly of Maryland have

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plenary power except where the limitations of contract might

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intervene?

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DELEGATE GALLAGHER: Yes, you are correct. I

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think the question is a policy one. If the legislature

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had that power, it would also have the power to make

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exceptions. In the Constitution it could not make

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exceptions.

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THE CHAIRMAN: Delegate Henderson.

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DELEGATE HENDERSON: Isn't it true that for the

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first time in the history of the State we have adopted

in the Constitution a contract clause which heretofore has