Official report of the proceedings and debates of the convention Volume 2 ; assembled at Salt Lake City on the fourth day of March 1895, to adopt a constitution for the state of Utah - Tapa blanda

Sinopsis

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1898 Excerpt: ...until their charters shall expire, but the principle is the same. Again, the foreign corporations to which the gentleman refers--while he was speaking I tried to think of one that could be affected by this substitute. I am in favor of doing what we can to protect the people from trusts of various kinds, but I could not recall one, and hence I questioned the gentleman, asking him if he had any in mind, thinking of those different trusts, the sugar trust, the Standard Oil trust, the lead trust, and others; each one operates in a special line and could not be affected at all by the substitute offered by the gentleman, and I believe that the original section as reported by the committee should be adopted. Mr. HAMMOND. I would like to ask a question. Thecasecomes to my mind of the Pullman Car Company, where, if I remember right, the attorney general went after them and tried to annul their charter because they had gone into land purchasing and building churches and houses, and a great many business operations other than that to which their charter empowered them as car builders. I remember something of that. I don't know whether it touches this case, but I think that is in point. Mr. JAMES. You 'will observe that section 11 stipulates that no corporation shall engage in any business other than that expressly authorized in its charter. Now, a charter cannot be obtained without going to the Legislature. Now, if an incorporation cannot engage in any other business only what is set forth in its charter, the Legislature knows what they are granting them a charter for whenever they apply for it and when they grant it. Consequently you see the protection to the people in the shape it is in. I want to say in answer to Mr. Roberts's amendment, I considered the section th...

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