Germany -- History -- Revolution, 1918; Germany -- Politics and government -- 1918-1933
In commerce freedom of contract shall prevail subject to the law.
Usury is forbidden. Contracts contrary to public morality are null and
void.
ARTICLE 153.
Property is guaranteed by the constitution. Its rights and
responsibilities and restrictions are to be laid down by law.
Expropriation can only be undertaken in the common interest and in
virtue of a law. Adequate compensation shall be paid, unless otherwise
provided by act of the Realm. Any dispute as to the amount of
compensation shall be referred to the ordinary courts. Property of the
Lands, the local authorities, or public associations can only be
expropriated by the Realm against compensation. Property imposes
obligations. Its use by the owner must at the same time serve the
common good.
ARTICLE 154.
The right of inheritance shall be guaranteed in accordance with the
Civil Code. The laws shall determine the proportion of inherited
property accruing to the State.
ARTICLE 155.
Distribution and cultivation of the soil shall be supervised by the
State so as to ensure against abuses and to endeavour to secure
healthy housing for every German, and suitable homes for each German
family, especially those with many children, in which they can live
and work. In drawing up a housing code special consideration shall be
paid to the claims of those who have fought in the war.
Landed estate may be expropriated if it is required for housing, or
for a settlement or reclamation policy, or in the interests of
agriculture. Entails shall be abolished.
The owner of the soil is bound to cultivate and make use of his land,
in the common interest. Increment value due to no expenditure of work
or of capital shall be utilised for the common good.
All riches of the soil and all natural resources of economic use shall
be under the supervision of the State. Private royalties shall, by
law, be transferred to the State.
ARTICLE 156.
An act of the Realm may without prejudice to the payment of
compensation, and subject to the regulations concerning
expropriation, transfer to public ownership private businesses
suitable for socialisation. It may name itself, the Lands, or Local
Authority as partners in the administration of such business
undertakings or associations, or in any other way assure itself a
predominant influence therein.
The Realm may further legislate, in case of urgent necessity and in
the interest of the national economy, to oblige business undertakings
or associations to combine, on the basis of self administration, with
a view to securing the co-operation of all the productive forces of
the nation, to associating employers and employed in the
administration, and to regulating production, manufacture,
distribution, employment, prices, as also import and export of goods
on principles of public economy.
Public-domain text, read in full here on John Shaqi.
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