The document discusses the three inherent powers of the state: police power, power of eminent domain, and power of taxation. It provides the following key points:
1. These three powers are essential to effective governance and rest on necessity, as governments cannot function without the ability to regulate citizens, expropriate private property, and collect taxes.
2. They are similar in that they interfere with private rights and property, require compensation, and have a legislative character.
3. Police power involves laws and regulations that promote public health, safety, morals, and welfare. Eminent domain allows expropriation of private property for public use with just compensation. Taxation allows the state to impose charges to fund itself