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Act of 1890, CHAPTER 195.
AN ACT to amend section forty-eight of article three, of the
constitution of this State,
SECTION 1. Be it enacted by the General Assembly of Maryland,
(Three-fifths of all the members of the two houses concurring.)
that the following section be and the same is hereby proposed as
an amendment to the constitution of this State, and if adopted
by the legal and qualified voters thereof as herein provided, it
shall supersede and stand in the place and instead of section
forty-eight of article three of said constitution.
SEC. 48. Corporations may he formed under general 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 corporations 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 section, 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may be altered from time to time, or be repealed; provided,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 corporation, except upon the condition
that such corporation shall surrender all claim to exemption from
taxation or from the repeal or modification of its charter, and
that such corporation shall thereafter hold its charter subject to
the provisions of this constitution; and any corporation chartered
by this State which shall accept, use, enjoy or in anywise avail
itself of any rights, privileges or advantages that may hereafter
be granted or conferred by any general or special act, shall be
'Conclusively presumed to have thereby surrendered any exemp-
tion from taxation to which it may be entitled under its charter
and shall be thereafter subject to taxation as if no such exemp-
tion has been granted by its charter.
SEC. 2. And be if further enacted by the authority aforesaid,
That the said foregoing section hereby proposed as an amend-
ment to the constitution shall be, at, the next general election
held in this State, submitted to the legal and qualified voters
thereof for their adoption or rejection, in pursuance of the direc- .
tions contained in article fourteen of the constitution of this
State, and at the said general election the vote on said proposed
amendment to the constitution shall be by ballot, and upon each
ballot there shall be written or printed the words "for the con-
stitutional amendment," or "against the constitutional amend-
ment." as the voter shall elect, and immediately after said elec-
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