As used in this article, the following words shall have the following meanings: "Municipality" means a county, city, borough, incorporated town, township or any similar general purpose unit of government which shall hereafter be created by the General Assembly. "Initiative" means the filing with the applicable election officials at least 90 days prior to the next primary or general election of a petition containing a proposal for referendum signed by electors comprising 5% of the number of electors voting for the office of Governor in the last gubernatorial general election in each municipality or area affected. The applicable election official shall place the proposal on the ballot in a manner fairly representing the content of the petition for decision by referendum at said election. Initiative on a similar question shall not be submitted more often than once in five years. No enabling law shall be required for initiative. "Referendum" means approval of a question placed on the ballot, by initiative or otherwise, by a majority vote of the electors voting thereon. ARTICLE X PRIVATE CORPORATIONS Sec. 1. Certain unused charters void. 2. Certain charters to be subject to the Constitution. 3. Revocation, amendment and repeal of charters and corporation laws. 4. Compensation for property taken by corporations under right of eminent domain. Adoption. Present Article X was adopted (without article number) November 8, 1966, 1965 P.L.1909, J.R.3, and the article number was supplied by proclamation of the Governor of July 7, 1967, P.L.1063. Prior Provisions. Former Article X (Education) was repealed and former sections 1 and 2 were transferred to sections 14 and 15, respectively, of Article III (Legislation) by amendment of May 16, 1967, P.L.1037, J.R.3. The subject matter of present Article X was formerly contained in Article XVI which was repealed by amendment of November 8, 1966, 1965 P.L.1909, J.R.3.
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