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CONSTITUJTION OF TEXAS. 878
empty, without delay or discrimination, under such regulations as shall be
prescribed by law.
SEC. 2. Railroads heretofore constructed, or that may hereafter be con-
structed in this State, are hereby declared public highways, and railroad
companies common carriers. The Legislature shall pass laws to regulate
railroad freight and passenger tariffs, to correct abuses, and prevent unjust
discrimination and extortion in the rates of freight and passenger tariffs on
the different railroads in this State, and enforce the same by adequate pen-
alties; and to the further accomplishment of these objects and purposes may
provide and establish all requisite means and agencies, invested with such
powers as may be deemed adequate and advisable.
SEC. 3. Every railroad or other corporation, organized or doing business
in this State under the laws or authority thereof, shall have and maintain a
public office or place in this State for the transaction of its business, where
transfers of stock shall be made, and where shall be kept, for inspection by
the stockholders of such corporations, books, in which shall be recorded the
amount of capital stock subscribed, tle lnames of the ovwners of the stock,
the amounts owned by them respectively, the anounlt of stock paid, and by
whom, the transfer of said stock, with the date of the transfer, the amount of
its assets and liabilities, and the names and places of residecee of its officers.
The directors of every railroad company shall hold one meeting annually in
this State, public notice of which shall be given thirty days previously, and
the president or superintendent shall report annually, under oath, to the
Comptroller or Governor, their acts and doings, which report shall include
such matters relating to railroads as may be prescribed by law. The Legis-
lature shall pass laws enforcing by suitable penalties the provisions of this
section.
SEC. 4. The rolling stock and all other movable property belonging to
any railroad company or corporation in this State shall be considered per-
sonal property, and its real and personal property, or any part thereof, shall
be liable to execution and sale in the same manner as the property of indi-
viduals; and the Legislature shall pass no laws exempting any such property
from execution and sale.
SEC. 5. No railroad or other corporation, or the lessees, purchasers, or
managers of any railroad corporation, shall consolidate the stock, property,
or franchises of such corporation with, or lease or purchase the works or
franchises of, or in any way control any railroad corporation owning or hav-
ing under its control a parallel or competing line; nor shall any officer of
such railroad corporation act as an officer of any other railroad corporation
owning or having the control of a parallel or competing line.
SEC. 6. No railroad company organized under the laws of this State shall
consolidate by private or judicial sale or otherwise with any railroad com-
pany organized under the laws of any other State or of the United States.
SEC. 7. No law shall be passed by the Legislature granting the right to
construct and operate a street railroad within any city, town, or village, or
upon any public highway, without first acquiring the consent of the local
authorities having control of the street or highway proposed to be occupied
by such street railroad.
SEC. 8. No railroad corporation in existence at the time of the adoption
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Pennybacker, Anna J. Hardwicke. A new history of Texas for schools : also for general reading and for teachers preparing themselves for examination, book, 1895; Palestine, Tex.. (https://texashistory.unt.edu/ark:/67531/metapth2388/m1/389/: accessed April 23, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Special Collections.