Article XVI.
Private Corporations
Section 1. Certain unused charters void
Select dates to read amendment and select a date from the dropdown to compare the changes.
19661874
Certain unused charters void
The charters and privileges granted prior to 1874 to private corporations which had not been organized in good faith and commenced business prior to 1874 shall be void.
19661874
Unused charters to be void
All existing charters, or grants of special or exclusive privileges, under which a 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.