SECTION 1. Corporations may be formed under general laws, but shall not

be created by special act except for municipal purposes and in cases

where, in the judgment of the Legislature, the object of the corporation

can not be attained under general laws. All general laws and special

acts passed pursuant to this section may be altered from time to time or

repealed.

[Sidenote: Debts of corporations, how secured.]

SEC. 2. Dues from corporations shall be secured by such individual

liabilities of the corporations and other means as may be prescribed by

law.

[Sidenote: What corporations shall include.]

SEC. 3. The term corporation, as used in this article, shall be

construed to include all associations and joint stock companies having

any of the powers and privileges of corporations not possessed by

individuals or partnerships. And all corporations shall have the right

to sue and shall be subject to be sued in all courts in like cases as

natural persons.

[Sidenote: Legislature to provide for organising cities, towns, etc.]

SEC. 4. It shall be the duty of the Legislature to provide for the

organization of cities, towns and incorporated villages, and to restrict

their power of taxation, assessment, borrowing money, contracting debts

and loaning their credit, so as to prevent abuses in assessment and in

contracting debts by such municipal corporations.

ARTICLE IX.

EDUCATION.

[Sidenote: Education shall be encouraged.]

Constitution of the State of North Carolina and Copy of the Act of the General Assembly Entitled An Act to Amend the Constitution of the State of North Carolina · 第 8 / 17 章