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Part Two The Texas Constitution and Commentary, Art.XII Private Corporations

From: The Texas State Constitution

Janice C. May

From: Oxford Constitutions (http://oxcon.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 23 June 2021

No private corporation shall be created except by general laws. Section 1 allows the creation of private corporations only by general law. Until 1876 the practice had been to create them by special act. The first three state constitutions had mandated a two-thirds vote of the legislature for their creation, which was dropped in 1876. The 1869 charter was silent on private corporation charters. The general law requirement was regarded as less likely to facilitate corruption and favoritism in the granting of charters. This was an era of deep distrust of...
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