This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 edition. Excerpt: ... granted were provisions made for reports by the corporations to any state officer, nor were there any general laws calling for such reports from any banking institutions save the few remaining free banks. Probably many of the charters of the insurance companies were not used for the purpose designated ...
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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 edition. Excerpt: ... granted were provisions made for reports by the corporations to any state officer, nor were there any general laws calling for such reports from any banking institutions save the few remaining free banks. Probably many of the charters of the insurance companies were not used for the purpose designated. One of the most important and most needed clauses adopted by the constitutional convention of 1870 deprived the legislature of the power to pass special legislation. It provided that "no corporation shall be created by special laws, or its charter extended, changed, or amended, except those for charitable, -educational, penal or reformatory purposes, which are to be and remain under the patronage and control of the State, but the General Assembly shall provide, by general laws, for the organization of all corporations hereafter to be created." 1 The committee on banks and currency made its report to the convention on April 29, 1870. It is plain that the committee did not have in mind provisions which would facilitate the incorporation of state banks, but that it aimed simply to limit the power of the legislature in case it should wish to enact banking legislation." It is further evident from the report of the committee and from the debates which followed, if they express at all the sentiment of the people, that there was little desire or enthusiasm for state banks. The report of the committee contained eight separate sections, of which the first five were adopted with very little debate." They provided (1) against any participation by the state in banking enterprises; (2) for the submission of banking laws to the vote of the people; (3) for the individual 1 Constitution of 1870, article 11, section 1. "Debates and...
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Add this copy of The Industrial State, 1870-1893; Volume 4 to cart. $62.74, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2016 by Wentworth Press.
