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Proceedings and Debates of the 1864 Constitutional Convention
Volume 102, Page 741   View pdf image (33K)
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741

pose shall not be repealed or applied to any other object until
the said debt and interest thereon shall be fully discharged.
The credit of the State shall not, in any manner, be given or
loaned to or in aid of any individual, association or corpora-
tion, nor shall the General Assembly have the power in any
mode to involve the State in the construction of Works of In-
ternal Improvement, nor in any enterprise which shall involve
the faith or credit of the State, nor make any appropriations
therefor; and they shall not use or appropriate the proceeds of
the Internal Improvement Companies or of the State tax now
levied, or which may hereafter be levied, to pay off the pub-
lic debt to any other purpose, until the interest and debt are
fully paid or the sinking fund shall be equal to the amount
of the outstanding debt, but the General Assembly may, with-
out laying a tax, borrow an amount, never to exceed fifty
thousand dollars, to meet temporary deficiencies in the Treas-
ury, and may contract debts, to any amount, that may be
necessary for the defence of the State.

Sec. 34. No extra compensation shall be granted or allowed
by the General Assembly to any public officer, agent, servant,
or contractor after the services shall have been rendered, or
the contract entered into; nor shall the salary or compensa-
tion of any public officer be increased or diminished during
his term of office.

Sec. 35. No lottery grant shall ever hereafter be authorized
by the General Assembly.

Sec. 36. The General Assembly shall pass no law, nor
make any appropriation to compensate the masters or claim-
ants of slaves emancipated from servitude by the adoption of
this Constitution.

Sec. 37. No person shall be imprisoned for debt.

Sec. 38. The General Assembly shall grant no charter for
banking purposes, nor renew any banking corporation now
in existence, except upon the condition that the stockholders
shall be liable to the amount of their respective share or shares
of stock in such banking institution, for all its debts and
liabilities upon note, bill or otherwise, and upon the further
condition, that no director or other officer of said corporation
shall borrow any money from said corporation, and if any
director or other officer shall be convicted, upon indictment,
of directly or indirectly violating this section, he shall be
punished by fine or imprisonment at the discretion of the
Court. The book, papers and accounts of all banks shall be
open to inspection under such regulations as may be prescribed
by law.

 

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Proceedings and Debates of the 1864 Constitutional Convention
Volume 102, Page 741   View pdf image (33K)
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