Wisconsin herald. [volume] (Lancaster, Wis.) 1846-1849, 1846-12-26

stitution in regard TO school lands prop
er.
ARTICLE XIII.
On Tarution, Finance and Public
Debt.
Section |. All taxes to be levied
in this state, ct any time, shall be as
nearly equal as may be.
Sec. 9. No money shall ever be
paid out of the treasury Of this State,
except in pursuance Of an appropria-
ton by law.
Sec. 8. The credit of the state
shall never be given or loaned in aid
of any individual association. or corpo-
ration.
Sec. 4. There shall be published
by the Treasurer, in at least one news
paper printed at the seat of govern
ment, during the first week in January
in each year, and in the next volume
of the acts of the Legislature, a de-
tailed statement of all moneys drawn
from the treasury during the preced-
ing year, for what purpose and to
whom paid, and by what law authori-
zed.
Sec. 5. There shall never be is
sued by or in any way on behalf of the
state, any scrip or other evidence of
state debt, except in the cases and
manner authorized in the eighth, ninth
and tenth sections Of this article.
Sec. 6. This state shall never con-
tract any public debt, unless in time Of
war, to repel invasion or suppress in
surrection, except in the cases and man.
ncr provided in the eighth, ninth and
tenth sections ofthis article.
Sec. I The Legislature shall pro-
vide for an annual tax sufficient to de-
fray the estimated expenses for each
year; and whenever it shall happen
that the expenses of the state for any
year shall exceed the income of the
state for such year, the Legislature
shall provide for levying tax for the
ensuing year, sufficient with other sour,
ces of income, to pay the deficiency OF
the preceding year, together with the
estimated expenses of such ensuing
year.
Sec. S. For the purpose OF defray
ing the extraordinary expenditures. the
state may contract public debts; but
such debts shall never, singly or in
the aggregate, exceed one hundred
thousand dollars. Every such debt
shall be authorized by law, for some
single work or object to be distinctly
specified therein; and no such law shall
take effect until it shall have been
passed by two.thirds of the members
of each house, to be recorded by yeas
and nays on the journals of each house
respectively; and every such law shall
levy an annual tax sufficient to pay
the annual interest of such debt, and
also tax sufficient to pay the princi-
pal of such debt within five years from
the final passage of such law, and shall
specially appropriate the proceeds of
such taxes to the payment Of such prin-
cipal and interest; and such appropria-
tion shall not be repealed, and such
taxes shall not be repealed, postponed
or diminished until the principal and
interest of such debt shall have been
wholly paid.
See. 9. All debts authorized by
the preceding section, shall be con-
tracted by loan on state bonds, of a
not less than five hundred dol
lars each, on interest, payable within
five years after the final passage of the
law authorizing such debt, and such
bonds shall not be sold for less than
par. A correct registry of all such
bonds shall be kept by the Treasurer,
in numerical order, so as always to ex-
hibit the number and amount issued,
the number and amount unpaid, and to
whom severally made payable.
Sec. 10. On the final passage in
either house Of the Legislature of any
law which imposes, continues or re-
news a tax, or creates debt or charge,
or makes, continues or renews an APP
preparation of public or trust money,
or releases, discharges or commutes a
claim or demand of the state, the ques-
ton shall be taken by yeas and nays,
which shall be duly entered on the
journals; and three-hfths of all the
members elected to each house shall in
all such cases be required to constitute
a quorum therein.
Sec. IL. The money arising from
any loan made or debt or liability con-
tracted, shall be applied to the work or
object specified in the act authorizing