Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1851-03-17

be subject to such regulations as may be
prescribed by the General Assembly.
Sec. Q. The Directors of the Penitentiary
shall be appointed or elected in such manner
as the General Assembly may direct, and
the Trustees of the beneyalent and other
State institutions, now elected by the Gene
raj Assem- bly,, and of such other State in
stitutions as may be hereafter created, shall
be appointed BY the Governor, by, and with
the advice and consent of the Senate, and
upon all nominations made by the Governor,
the question shall be taken by yeas and nays,
and entered upon the journals Of the Senate.
Sec. 3. The Governor shall have power
to fill all vacancies that may occur in the Of
fees aforesaid until the next session Of the
General Assembly, and until successor to
his appointee shall be confirmed and quail
fed.
10 ARTICLE VIII.
Public Debt and Public Works.
Sec. l.. The State may contract debts to
supply casual deficits or failures in revenues,
or to meet expenses not otherwise provided
for, but the aggregate amount of such debts
direct and contingent, whether contracted
by virtue of one or more acts of the General
Assembly, or at different periods of time,
shall never exceed seven hundred and fifty
thousand dollars, and the money arising
from the creation of such debts shall be ap-
piled to the purpose for which it was OBJ
tanned, or to repay the debts so contracted 4,
and for no other purpose whatever.
Sec. 2. In addition to the above limited
power the State may contract debts to repel
invasion, suppress insurrectiou, defend the
State in war, or to redeem the present out
standing Indebtedness Of the State, but the
money arising from the contracting of such
debts shall be applied to the purpose for
which it was raised, or to repay such debts.
and to no other purpose whatever; and all
debts incurred to redeem the present out
standing indebtedness of the State, shall be
SO contracted as to be payable by the sink
ing fund hereinafter provided for as the same
shall accumulate.
Sec. 8. Except the debts above specified
in sections one and two Of this article, no
debt whatever shall hereafter be created by
or on behalf Of the State.
Sec. 4. The credit Of the State shall not
in any manner be given, or loaned TO or in
aid of any individual, association or corpo-
ration whatever, nor shall the State ever
hereafter become joint owner or stockhold-
er in any company, or association, in this
State or elsewhere, formed for any purpose
whatever. ..r.-.s ............
Sec. 5. The State shall never assume
the debts of any county, city, town, or town
ship, or of any corporation whatever, unless
such debt shall have been created 10 repel
invasion, suppress insurreciion, or defend
the State in war. ,~~..t. ........
Sec. 6. The General Assembly shall
never authorize any county, city, town or
township, by vote Of its citizens, or other
wise, to become a stockholder in any joint
stock company. corporation or associa tion
whatever, or to raise money for, or loan its
credit to, or in aid of any such company,
corporation or association.
Sec. 7. The faith of the State being
pledged for the payment Of its public debt
in order to provide therefor, there shall be
created sinking fund, which shall be suf.
ficient to pay the accruing interest on such
debt, and annually to reduce the principal
thereof by sum not less than one hundred
thousand dollars, increased yearly and
each and every year, by compromising al
the rate Of six per cent per annum. The
said sinking fund shall consist Of the mel
annual income of the public works and
stocks owned by the State, or any other
funds or resources that are or may be pro.
vided by law; and of such further sum, to
be raised by taxation, as may be required
for the purposes aforesaid.
Sec. 8. The Auditor Of State, Secretary
of State, and Attorney General, are hereby
created board Of commissioners, to be styl-
ed @the Commissioners of the Sinking Fund. "
Sec. 9. TheCommissioners of the Sinking
Fund shall, Immediately preceding each regu
lar session of the General Assembly make an
estimate of the probable amount of the fund
provided for in the seventh section Of this
article, from all sources except from taxa
ton, and report the same, together with all
their proceedings relative to said fund and
the public debt, to the Governor, who shall
transmit the same, with his regular message,
to the General Assembly: and the General
Assembly shall make all necessary provis-
ion for raising and disbursing said sinking
fund, in pursuance Of the provisions of this
article. r ...-.
Sec. 10. 1t shall be the duty of the said
Commissioners faithfully to apply said fund
together with all moneys that may be by
the General Assembly appropriated to that
object, to the payment Of the interest as it
becomes due, and the redemption of the prin-
cipal of the public debt of the State, ex-
cepting only the school and tract funds held
by the State. 81. .s
Sec. IL. The said Commissioners shall
semi-annually make full and detailed re-
port of their proceedings to the Governor,
who should Immediately cause the same to
be published, and shall also communicate
the same to the General Assembly, forth
with, lift be in session, and if not, then, at
its first session, after such report shall be
made. -aE s4a
Sec. IL. So lorg as this State shall have
public works which require superintendent,
there shall be Board of Public works, to
consist of three members who shall be e
lected by the people, at the first general e.
a. oJoofion IF this eonsfifu.