Art _

Corporations — other than Municipal

Section 1. The legislature shall provide for the organization of corporations by general law. All laws relating to corporations may be altered, amended, or repealed by the legislature at any time when necessary for the public good and general welfare and all corporations doing business in this State may as to such business be regulated limited or restrained by law not in conflict with the Constitution and laws of the United States.

Sec. 2. All powers and franchises of corporations are derived from the people and are granted by their agent, the government for the public good and general welfare and the right and duty of the State to control and regulate them for these purposes is herby declared.

The power, rights, and privaleges of any and all corporations may be forfeited by wilful neglect or abuse thereof.

The police power of the State is supreme over all corporations as well as individuals.

Sec. 3. All existing charters, franchises, special or exclusive privileges under which an actual and bona fide organization shall not have taken place for the purpose for which formed, and which shall not have been maintained in good faith to the time of the adoption of this constitution, shall thereafter have no validity.

Sec. 4.

Sec. 5. No law shall be enacted limiting the amount of damages to be recovered for causing the injury or death of any person.

Sec. 6. No corporation organized under the laws of Wyoming territory or any other jurisdiction than this state, shall be permitted to transact business in this state, until it shall have accepted the constitution of this state, and filed such acceptance in accordance with the laws thereof.

Sec. 7.

Sec. 8. No corporation shall have power to engage in more than one general line as department of business which line of business shall be districtly specified in its charter of incorporation.

Sec. 9. All corporations engaged in the transportation of persons, property, mineral oils, and mineral products, news or intelligence including Rail Roads, tellegraphs, express Companies pipe lines and tellephones are declared to be common carriers.

Sec. 10. There shall be no consolidation or combination of corporations or individuals of any kinds whatever to prevent competition to control or influence production or prices thereon as in any other manner to interfere with public good and general welfare.

Sec. 11.

Sec. 12.

Sec. 13. The exercise of the right of eminent domain shall never be so abridged or construed as to prevent the legislature from taking the property and franchises of incorporated companies and subjecting them to public use the same as the property of individuals.

Sec. 14.

The legislature shall provide by suitable legislation for the organization of mutual and cooperative associations as corporations.

Sec. 15. No corporation stock company person or association of persons in this state shall directly or indirectly by transfer of stock or voting privaleges based thereon or by any other method combine with any other company or association of persons foreign or domestic by trustees or otherwise for the purpose of controling or regulating the cash transportation or selling price of any kind of property or productions whatever by controlling or regulating the distribution of dividends or profits or in any other manner.

The legislature shall pass laws not in conflict with the constitution and laws of the United States for the enforcement of this section by adequate penalties to the extent if necessary for that purpose of forfeiture of their charters and franchises or in case of foreign corporations prohibiting them from carrying on business in this State.

• Substitute for Files No. 11, 38, 42, and 72 [Committee on Revision and Adjustment] (introduced on 1889-09-24 00:00:00 - CREATE_FROM - e671807) [This document] [view current proposal at this moment]
  • None (introduced on 1889-09-25 00:00:00 - REPORT_PROPOSAL - e671808) [view current proposal at this moment]