Proceedings and Debates of the Convention Assembled to Adopt a Constitution for the State of Utah
All the delegates.
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Section 1. Corporations may be formed under general laws but shall not be created by special acts. All laws relating to corporations may be altered, amended or repealed by the legislature at any time, and all corporations doing business in this Stat may, as to such business, be regulated, limited or restrained by law.
Section 2. All existing charters, 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, and no corporation in existence at the time of the adoption of this constitution shall have the benefit of future legislation without first filing in the office of the Secretary of State an acceptance of the provisions of this Constitution.
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TELEGRAPH AND TELEPHONE
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