Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1846-12-30

of the State where the purposes Oh The
grant are not specified and all monies,
and tie clear proceeds Of all pro-
merry which may accrue TO the State
5y forfeiture or escheat, shall be appropri-
aled to, and made part Of the capital OF
said fund. The interest on said fund, TO-
gelher with the rents on all such property
until sold. shall be inviolably appropriated
to the support of said schools annually
Provision sra be made by law for an equal
and equitable dislr button Of The income oil
the state school fund amongst the several
towns, cities and districts, for the support
of schools therein respectively. IN some
lust ratio to the number Of children who
shall reside in the same between the ages
Of five and sixteen years inclusive.
Sec. g. Provision shall be made by law
requiring the several towns and cities 10
RAISE tax on the taxable properly therein,
annually for the supporter common schools
in SAID towns and cities respectively.
Sec. a. The legislature shall provide
for system Of common schools, which
shall he as nearly uniform as my be thro-
out the State, and the common schools
shall be equally free to all chidren,an no
secarian instruction shall be used or per-
miited in any common school in this State.
Sec s. The legislature shall provide
Cor the establishment Of libraries, one ut
least in each town and city, and the mon
ey which shall be paid as an equivalent for
exemption from military duty and the clear
proceeds OF all fines assessed in the sever
al counties for any brooch Of the penal
laws, shall be exclusively applied to the
support Of said libraries.
ARTICLE XII.
on BANKS AND BANKING.
Sec. l. There shall be 10 Bank OF is
sue within this Safe.
Sec. 2. The legislature shall not have
power 10 authorize or incorporate, by any
general or special law, any bank or other
institution having any banking power OF
privilege, or TO confer upon any corpora
ton, institution, person or persons an!
banking power or privilege.
Sec g. 1t shall not be lawful for any
corporation, institution, person or persons
within this State, under any preface o
authority, to make or issue any paper mo
ney, noe, bill, certificate, or other evi
lence Of debt whatever, intended TO circu
late as money.
Sec. T. Ii sh1ll not be lawful for any
corporation within this State, under any
pre,ehce or authority,,o exercise the bust
ness of receiving deposits Of money. ma
king discounts or buying OF selling bills @
exchange, or to do any other banking bu
Eslness whatever.
Sec. 5. No branch or agency Of an,
bank or banking institution of the Unite
S a:es, OF Of any state or territory viii II
or without the United States, shall be es
tablished or maintained within this Safe
Sec. 6. Ii shall no, be lawful to circu
tat. within this State after the yelr Is L
any paper money, note, bill, certificate O
other evidence Of debt whatever, intende
TO circulate as money, issued without thl
State, Of any denomination less than te
dollars, or after the year lS49, Of any de
nomination less than twenty dollars.
Sec. 7. The Legislature shall at lis frs
session after the adoption Of this Constju
ton and from time to time thereafter q
may be necessary enact adequate penalie
for the punishment Of all violations and C
vasons Of the provisions Of this article.
ARTICLE XII
ON INTERNAL IMPRov EMENrs.
Sec. l. This State shall encourage in
terna! Improvements by individuals, associ
atoms andscorporations, but shall not carr
on, or be patty in Carrying on, any worI
of internal improvement, except in case:
authorized by the second section of ,hi
article.
Sec 2. When grants Of land or othe
! property shall have been made to the State
specially dedicated by the grant 10 parlcu
lar works Of internal improvement, the
State may carry on such particular wo ks
ane shall devote thereto the avails of sucl
grants 50 dedicated thereto; but shall in NJ
case pledge The faith or credit of the State
or incur any debt or liability for such wor
Of internal improvement.
Sec. g. All lands which shall come {,
the Safe by forfeiture or escheai, or b,
grant, where the grant does not speciall
dedicate the same 10 any other object
shall be held by the State as part OF III,
State school fund, under the same trusts
! reservations and restrictions as are provi
ded in this Constitution in regard to schoo
lands proper.
ARTICLE XIII.
! ON TAXATION, FINANCE AND PUBLIC DEBT
-, sec. /. All Ia es TO be LEVIED in III
State, at any time, shall be as neatly equa
as may be.
Sec. ,. No money shall ever be pal,
out of the treasury of this State, excep
in pursuance of an appropriation by law.
| Sec. 3. The credit of the Snte shall
never be given or loaned in aid Of any in
dlvldnal association or corporation.
Sec. 4. There sholl be pab!ish ed b,
the Treasurer, in al least one newspape
printed at The seat oi government, during tn,
first week IN January in each year, and il
the next volume of The acts of The L. gisia
t6rp epiai' ed St,tnp,ant oF :, p,Dpar a ,,,.,