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 corporations cannot 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 All general laws and special acts, passed pursuant to this section, may be altered from time to time, or repealed.

SEC. 2. Dues from corporations shall be secured by such individual liabilities of the corporation and other means, as may be prescribed by law.

SEC. 3. The term corporation, as used in this Article, shall be construed to include all association 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.

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 credits, so as to prevent abuses in assessment and in contracting debts by such municipal corporations.

ARTICLE IX. EDUCATION.