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4 enforced, and not released or compromised, and the moneys

5 ariring from such claims shall be set apart and applied to the 6 payment of said stock, so loaned, or to repay the money which

7
may
be advanced to pay

the same.

1 $ 6. The Legislature shall not sell, lease, or otherwise dispose 2 of any of the canals of the State, but they shall remain the

3 property of the State and under its management forever.

1

7. No moneys shall ever be paid out of the treasury of

2 this State, or any of its funds under its management, except in

3 pursuance of an appropriation by law, nor unless such payment 4 be made within two years next after the passage of such appro.

5 priation act; and every such law making new appropriation, or 6 continuing or reviving an appropriation, shall distinctly specify 7 the sum appropriated and the objects to which it is to be applied, 8 and it shall not be sufficient for such law to refer to any other

9 law to fix the sum.

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$ 8. The credit of the State shall not in any manner

2 be given or loaned to or in aid of any individual asso

This fection was of fered by Mr. Alvord as a substitute for section 11 of the report of the committee, and pending its consider ation was laid over by consent for future action.

3 ciation or corporation. On the final passage in either

4 house of the Legislature of every act which imposes,

5 continues, or revives a tax, or creates a debt or charge

6 against the State, or makes, continues or revives any

7 appropriation of public or trust money or property, or

8 releases, discharges or commutes any claim or demand 9 of the State, the question shall be taken by ayes and noes,

10 which shall be duly entered on the journals, and four-fifths of

11 all the members elected to either house sball in all such cases

12 be necessary to pass the same.

1

$ 9. The State may, to meet causual deficits or failures in

2 revenues, or for unexpected expenses not provided for, tempo3 rarily contract debts; but such debts, direct and contingent, 4 singly or in the aggregate, shall not at any time exceed one mil

5 lion of dollars, and the moneys arising from the loans creating

6 such debts shall be applied to the purposes for which they were

7 obtained, or to repay the debt so contractėd, and to no other 8 purpose whatever; and such temporary debts shall in all cases 9 be provided for at the earliest practicable period, and shall be 10 paid within two years after they are contracted.

1 § 10. In addition to the above limited power to contract 2 debts, the State may contract debts to repel invasion of this 3 State or the United States, to suppress insurrection in this

4 State or the United States, or to defend the State or the United

5 States in war; but the money arising from the contracting of

6 such debts shall be applied to the purpose for which it was

7 raised or to repay such debts, and to no other purpose whatever.

1

§ 11. Except the debts specified in the twelfth and thirteenth

2 sections of this article, no debts shall be hereafter contracted by 3 or on behalf of this State, unless such debt shall be authorized

4 by a law for some single work or object to be distinctly specified 5 therein; and such laws shall impose and provide for a collection

6 of a direct annual tax to pay, and sufficient to pay the interest 7 on such debt as it falls due; and also to pay and discharge the 8 principal of such debt within eighteen years from the time of the

9 contracting thereof. No such law shall take effect until it shall

10 at a general election have been submitted to the people, and have 11 received a majority of all the votes cast for and against it at such

12 election. On the final passage of such bill in either house of

13 the Legislature, the question shall be taken by ayes and noes, to 14 be duly entered on the journals thereof, and shall be: “Shall 15 this bill pass and ought the same to receive the sanction of the 16 people?” The Legislature may at any time after the approval

17 of such law by the people, if no debt shall have been contracted

18. in pursuance thereof, repeal the same, and may at any time by 19 law forbid the contracting of any further debts under such law; 20 but the tax imposed by such act, in proportion to the debt and

21 liability which may have been contracted in pursuance of such

22 law, shall remain in force and be irrepealable and be annually

23 collected until the proceeds thereof shall have made the pro

24 vision hereinbefore specified to pay and discharge the interest 25 and principal of such debt and liability. The money arising 26 from any loan, or stock creating such debt or liability, shall be

27 applied to the work or object specified in the act authorizing 28 such debt or liability, or for the repayment of such debt or lia29 bility, and for no other purpose whatever. No such law shall

30 be submitted to be voted on within three months after its pass

31 age, or at any general election when any other law, or any bill, 32 or any amendment to the Constitution shall be submitted to be

33 voted for or against.

1 $ 12. Every law which imposes, continues or revives a tax, 2 shall distinctly state the tax and the object to which it is to be 3 applied ; and it shall not be sufficient to refer to any other law

4 to fix such tax or object.

1 § 13. No deficiency loan shall be made by or on behalf of 2 the State, for a longer period than is necessary to enable the 3 sinking fund provided for its payment, to accumulute an amount 4 sufficient to discharge it; and in no case sball such loan be made

5 for more than six years.

1

$ 14. The seat of Government of the State is hereby perma

2 nently located at the city of Albany, but the rebuilding of a

3 new capitol shall not be undertaken within ten years from the 4 adoption of this Constitution, nor shall any money be hereafter 5 appropriated for that object until the expiration of that period. Under the head of general amendments, Mr. A. F. ALLEN offered the following:

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The Legislature, at the first session thereof after the

2 adoption of this Constitution, shall provide by law for a uniform

3 rate of assessment and taxation upon all property within this

4 State (and not in transitu), including all debts, whether such pro5 perty or debts be owned by or due to residents or nonresidents

6 of this State, against the persons in the possession or having the

7 control thereof, without any deduction from the value thereof 8 for any debts due or to become due from such persons, and for

9 requiring from every person within this State a sworn statement,

10 at the cash value, of all taxable property or debts in the posses11 sion or under the control of such person.

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2 perty or class of property from taxation, except such as is not 3 expressly exempted by the statutes of this State.

Mr. Rumsey moved to amend the amendment proposed by Mr. Allen by inserting after the word "persons," in line 8, the following:

Escept such debts as in the sworn statements hereinafter men. tioned, shall be particularly set out with the name of the creditor, his residence, the date, amount, consideration and form of such indebtedness, and when the same will become due."

The question pending is the adoption of the foregoing amendment offered by Mr. Rumsey.

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