Repealed by Laws, 1987, ch. 689, eff December 4, 1987.

NOTE: Former Section 196 section provided that no transportation corporation could issue stocks or bonds except for money or labor done or agreed to be done or money or property actually received and the section declared fictitious increases of stock or indebtedness void. The repeal of Section 196 of Article 7 of the Mississippi Constitution of 1890, was proposed by Laws, 1987, ch. 689 (Senate Concurrent Resolution No. 548), and upon ratification by the electorate on November 3, 1987, was deleted from the Constitution by proclamation of the Secretary of State on December 4, 1987.