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Proceedings and Debates of the 1850 Constitutional Convention
Volume 101, Page 353   View pdf image
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353

dred dollars, in every such case, the sum of five hundred dollars
shall be provided by the Legislature for the support of his family."
The Convention then ptoeeeded to the consideration of the 21st
section.

The question before the Convention being on the amendment
offered by Mr. Merrick, on Friday the 28th ult., to come in at the
end of said section.
Mr. George withdrew the original amendment offered by him as
the 21st section, and substituted in lieu of it the following:

"No debt shall hereafter be contracted by the Legislature unless
such debt shall be authorised by a law, providing for the collec
tion of an annual tax or taxes sufficient to pay the interest on such
debt as it fulls due, and also to discharge the principal thereof
within fifteen years from the time of contracting the same; and
the taxes laid for this purpose shall not be repealed, or applied to
any other object, until the said debt and the interest thereon shall
be fully discharged; and the amount of debts so contracted and re
maining unpaid, shall never exceed one hundred thousand dol-
lars. Nor shall the Legislature hereafter appropriate the public
money, or pledge the public faith for the use of individuals,
associations or corporations; or make appropriat ions, loans, or sub
scriptions to any work of internal improvement; but the Legista-
ture may, without laying a tax, borrow an amount never to ex
ceed fifty thousand dollars, to meet temporary deficiences in the
Treasury; and may contract debts to any amount that may he
necessary for the defence of the

Which was read,

Mr. Merrick, moved to amend said amendment by adding at
the end thereof, the following:

"And they may at any time, when it may become practicable to
do so, redeem and pay off the whole or any portion of the out
standing stocks or bonds of the State, by an issue of other stocks
or bonds for no greater amount than the stock or bonds redeemed
and bearing a less rate of interest."

Mr. Chambers, of Kent, moved to amend said amendment of
fered by Mr. Merrick, by adding at the end thereof, the follow.
ing

"Provided, That such new bonds or stock shall be made re
deemable within seven years from the time of their being issued."

This amendment Mr. Merrick accepted.

Mr. Dorsey, moved to amend said amendment by striking out
"seven years from;"

Determined in the negative.

The question then recurred and was put upon the adoptiou of
the amendment as offered by Mr. Merrick, and


 

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Proceedings and Debates of the 1850 Constitutional Convention
Volume 101, Page 353   View pdf image
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