e Insurance Act relating to Underwriters... Constitutional provisions relating to Railroads. Act relating to Board of Railroad Commissioners Rules of the Board of Railroad Commissioners.. Acts relating to the operation of Railroads.... Street Railroads-Mail-Carriers to Ride Free on Street Railroads-Fixing Rates of Fare on Street Railroads-Fenders and Brakes on Cars Street Railroad and Other Franchises, Sale of Railroads Beyond City Limits, Construction, etc. Bicycles and Horseless Vehicles, Roads for.. Banks, Savings Banks, etc., Unclaimed Deposits in. Act to Protect Stockholders in Mining Corporations. CORPORATION LAWS OF CALIFORNIA. Sections from the Constitution of California Relating to Corporations. ARTICLE IV. LEGISLATIVE DEPARTMENT. otteries prohibited. SEC. 26. The Legislature shall have no power to authorize lotries or gift enterprises for any purpose, and shall pass laws to rohibit the sale in this State of lottery or gift enterprise tickets, tickets in any scheme in the nature of a lottery. The Legislare shall pass laws to regulate or prohibit the buying and selling of the shares of the capital stock of corporations in any stock pard, stock exchange, or stock market under the control of any sociation. All contracts for the sale of shares of the capital #ock of any corporation or association, on margin, or to be delivered at a future day, shall be void, and any money paid on ich contracts may be recovered by the party paying it, by suit any court of competent jurisdiction. 67 Cal. 93; 68 Cal. 289; 87 Cal. 697; 89 Cal. 378; 103 Cal. 328; 104 Cal. 599; 109 Cal. 692; 119 Cal. 465; 127 Cal. 118; 130 Cal. 326. marges by certain corporations, regulation of. SEC. 33. The Legislature shall pass laws for the regulation and limitation of the charges for services performed and comodities furnished by telegraph and gas corporations, and the harges by corporations or individuals for storage and wharfage, which there is a public use; and where laws shall provide for the selection of any person or officer to regulate and limit such tes, no such person or officer shall be selected by any corporaHon or individual interested in the business to be regulated, and no person shall be selected who is an officer or stockholder in any ich corporation. bility of stockholders and directors. EC. 3. Each stockholder of a corporation or joint stock assotion shall be individually and personally liable for such portion of all its debts and liabilities contracted or incurred ring the time he was a stockholder, as the amount of stock or - ires owned by him bears to the whole of the subscribed capital ck or shares of the corporation or association. The directors trustees of corporations and joint-stock associations shall be ntly and severally liable to the creditors and stockholders for moneys embezzled or misappropriated by the officers of such rporation or joint-stock association during the term of office of ch director or trustee. 59 Cal. 286; 63 Cal. 289; 87 Cal. 32; 97 Cal. 95; 108 Cal. 425; 111 Cal. 63; 116 Cal. 384; 122 Cal. 523; 124 Cal. 150; 125 Cal. 410; 136 Cal. 449. eaning of corporations. SEC. 4. The term corporations, as used in this article, shall be onstrued to include all associations and joint-stock companies aving any of the powers or privileges of corporations not posessed by individuals or partnerships, and all corporations shall ave the right to sue and be subject to be sued, in all courts, in ke cases as natural persons. 95 Cal. 592. anks. SEC. 5. The Legislature shall have no power to pass any Act ranting any charter for banking purposes; but corporations or ssociations may be formed for such purposes under general laws. No corporation, association, or individual shall issue or put in irculation, as money, anything but the lawful money of the Jnited States. 73 Cal. 77. Existing charters, repealed in certain cases. SEC. 6. All existing charters, grants, franchises, special or exclusive privileges, under which an actual and bona fide organization shall not have taken place, and business been commenced in good faith, at the time of the adoption of this Constitution, shall thereafter have no validity. Franchises not extended by Legislature. SEC. 7. The Legislature shall not extend any franchise or charter, nor remit the forfeiture of any franchise or charter, of ARTICLE XI. Use of streets for gas and water pipes. SEC. 19. In any city where there are no public works owned and controlled by the municipality for supplying the same with water or artificial light, any individual, or any company duly incorporated for such purpose under and by authority of the laws of this State, shall, under the direction of the Superintendent of Streets, or other officer in control thereof, and under such general regulations as the municipality may prescribe for damages and indemnity for damages, have the privilege of using the public streets and thoroughfares thereof, and of laying down pipes and conduits therein, and connections therewith, so far as may be necessary for introducing into and supplying such city and its inhabitants either with gaslight or other illuminating light, or with fresh water for domestic and all other purposes, upon the condition that the municipal government shall have the right to regulate the charges thereof. [Amendment adopted November 4, 1884.] 54 Cal. 246; 56 Cal. 654; 57 Cal. 616; 61 Cal. 24, 277; 62 Cal. 108, 232; 69 Cal. 466, 481; 72 Cal. 5; 73 Cal. 75; 79 Cal. 281; 81 Cal. 497; 92 Cal. 296, 342; 93 Cal. 161; 98 Cal. 618; 118 Cal. 5, 584; 129 Cal. 402; 137 Cal. 118. ARTICLE XII, CORPORATIONS. Formation of corporations. SECTION 1. Corporations may be formed under general laws, but shall not be created by special Act. All laws now in force in this State concerning corporations, and all laws that may be hereafter passed pursuant to this section, may be altered from time to time or repealed. 61 Cal. 38; 73 Cal. 77; 77 Cal. 371; 83 Cal. 396, 413; 92 Cal. 316; 109 Cal. 584; 123 Cal. 527; 125 Cal. 412; 131 Cal. 33. Dues from corporations. SEC. 2. Dues from corporations shall be secured by such individual liability of the corporators and other means as may be prescribed by law. 62 Cal. 460; 125 Cal. 410. |