Alabama Constitution

Adopted by Constitutional Convention September 3, 1901

Ratified by vote of the People November 28, 1901

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Article XII. Corporations

Article Municipal Corporations

Consent of municipal corporation prerequisite to use of public property for public utility or private enterprise purposes

Payment of state license tax, etc., not to excuse payment of other privilege and license taxes

Issuance of bonds by counties, municipal corporations, districts and other political subdivisions of counties

Limitation on assessments for public improvements by municipal corporations

Limitation on county indebtedness

Indebtedness of municipal corporations Limitation; exception as to Sheffield and Tuscumbia

Same Municipal corporations whose present indebtedness exceeds constitutional limitation; exception as to Sheffield and Tuscumbia

Liability of public utilities in municipal corporations for damages to abutting property owners

Maximum term of public utility franchises in cities and towns having population of six thousand or more

Article Private Corporations

Special laws conferring corporate powers prohibited; general law as to grant or amendment of corporate charters; corporation franchise taxes to be paid; exemption of benevolent, educational or religious corporations from franchise taxes

Cancellation of certain corporate charters

Limitation on remitting forfeiture of corporate charters

Foreign corporations doing business in state

Corporations restricted to business authorized by charter

Restrictions on issuance of corporate stock and bonds

Taking of property for public use by municipal and other corporations

Security for dues from private corporations; liability of stockholders

Issuance of preferred stock by corporations

Authority of legislature to revoke charters of incorporation

Telegraph and telephone companies

Corporations may sue and be sued like natural persons

"Corporation" defined

Article Railroads and Canals

When railroads and canals deemed public highways; railroad and canal companies; common carriers; rights of railroad companies generally

Regulation of railroad companies vested in legislature

Giving free passes or discount tickets to members of legislature or officers exercising judicial functions

Railroad companies not to give rebates or bonuses in nature thereof; deceiving or misleading public as to rates

Acceptance of article prerequisite to benefits of future legislation

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