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Article III
SEC. 47.73 Vacant.
SEC. 48.74 Corporations may be formed under gener-
al laws, but shall not be created by Special Act, except
for municipal purposes and except in cases where no
general laws exist, providing for the creation of corpora-
tions of the same general character, as the corporation
proposed to be created; and any act of incorporation
passed in violation of this section shall be void. All
charters granted, or adopted in pursuance of this sec-
tion, and all charters heretofore granted and created,
subject to repeal or modification, may be altered, from
time to time, or be repealed; Provided, nothing herein
contained shall be construed to extend to Banks, or the
incorporation thereof. The General Assembly shall not
alter or amend the charter, of any corporation existing
at the time of the adoption of this Article, or pass any
other general or special law for the benefit of such cor-
poration, except upon the condition that such corpora-
tion shall surrender all claim to exemption from taxa-
tion or from the repeal or modification of its charter,
and that such corporation shall thereafter hold its char-
ter subject to the provisions of this Constitution; and
any corporation chartered by this State which shall ac-
cept, use, enjoy, or in any wise avail itself of any rights,
privileges, or advantages that may hereafter be granted
or conferred by any general or special Act, shall be con-
clusively presumed to have thereby surrendered any ex-
emption from taxation to which it may be entitled un-
der its charter, and shall be thereafter subject to
taxation as if no such exemption has been granted by
its charter.
SEC. 49. The General Assembly shall have power to
regulate by Law, not inconsistent with this Constitu-
tion, all matters which relate to the Judges of election,
time, place and manner of holding elections in this
State, and of making returns thereof.
SEC. 50. It shall be the duty of the General Assem-
bly, at its first session, held after the adoption of this
Constitution, to provide by Law for the punishment, by
fine, or imprisonment in the Penitentiary, or both, in
the discretion of the Court, of any person, who shall
bribe, or attempt to bribe, any Executive, or Judicial of-
ficer of the State of Maryland, or any member, or offi-
cer, of the General Assembly of the State of Maryland,
or of any Municipal corporation in the State of Mary-
land, or any Executive officer of such corporation, in
order to influence him in the performance of any of his
official duties; and, also, to provide by Law for the pun-
ishment, by fine, or imprisonment in the Penitentiary,
or both, in the discretion of the Court, of any of said
officers, or members, who shall demand, or receive any
bribe, fee, reward, or testimonial, for the performance of
his official duties, or for neglecting, or failing to per-
form the same; and, also, to provide by Law for com-
pelling any person, so bribing, or attempting to bribe,
or so demanding, or receiving a bribe, fee, reward, or
testimonial, to testify against any person, or persons,
73 Transferred to Article I, sec. 8, by Chapter 681, Acts of 1977,
ratified Nov. 7, 1978.
"Amended by Chapter 195, Acts of 1890, ratified Nov. 3,
1891.
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Constitution of Mary land/807
who may have committed any of said offenses; provid-
ed, that any person, so compelled to testify, shall be
exempted from trial and punishment for the offense, of
which he may have been guilty; and any person, con-
victed of such offence, shall, as part of the punishment
thereof, be forever disfranchised and disqualified from
holding any office of trust, or profit, in this State.
SEC. 51.75 The personal property of residents of this
State, shall be subject to taxation in the County or City
where the resident bona fide resides for the greater part
of the year for which the tax may or shall be levied,
and not elsewhere, except goods and chattels perma-
nently located, which shall be taxed in the City or
County where they are so located, but the General As-
sembly may by law provide for the taxation of mort-
gages upon property in this State and the debts secured
thereby, in the County or City where such property is
situated.
SEC. 52.76 (1) The General Assembly shall not ap-
propriate any money out of the Treasury except in ac-
cordance with the provisions of this section.
(2) Every appropriation bill shall be either a Budget
Bill, or a Supplementary Appropriation Bill, as herein-
after provided.
(3)77 On the third Wednesday in January in each
year, (except in the case of a newly elected Governor,
and then not later than ten days after the convening of
the General Assembly), unless such time shall be ex-
tended by the General Assembly, the Governor shall
submit to the General Assembly a Budget for the next
ensuing fiscal year. Each Budget shall contain a com-
plete plan of proposed expenditures and estimated reve-
nues for said fiscal year and shall show the estimated
surplus or deficit of revenues at the end of the preced-
ing fiscal year. Accompanying each Budget shall be a
statement showing: (a) the revenues and expenditures
for the preceding fiscal year; (b) the current assets, lia-
bilities, reserves and surplus or deficit of the State; (c)
the debts and funds of the State; (d) an estimate of the
State's financial condition as of the beginning and end
of the preceding fiscal year; (e) any explanation the
Governor may desire to make as to the important fea-
tures of the Budget and any suggestions as to methods
for reduction or increase of the State's revenue.
(4)78 Each Budget shall embrace an estimate of all
appropriations in such form and detail as the Governor
shall determine or as may be prescribed by law, as fol-
lows: (a) for the General Assembly as certified to the
Governor in the manner hereinafter provided; (b) for
the Executive Department; (c) for the Judiciary Depart-
ment, as provided by law, certified by the Comptroller;
(d) to pay and discharge the principal and interest of
"Amended by Chapter 426, Acts of 1890, ratified Nov. 3,
1891.
"• Amended by Chapter 159, Acts of 1916, ratified Nov. 7,
1916; Chapter 497, Acts of 1947, ratified Nov. 2, 1948.
"Amended by Chapter 725, Acts of 1955, ratified Nov. 6,
1956; Chapter 161, Acts of 1964, ratified Nov. 3, 1964.
78 Amended by Chapter 20, Acts of 1952, ratified Nov. 4, 1952.
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