Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1851-03-06

SEC. 8. No law shall authorize any debt to be con-
tracted on behalf OF the State except in the following
cases: to meet casual deficits the revenue, pay the
interest the State Debt repel INVASION suppress
nsurrecon, Or if hosities threatened provide for
the public defence
SEC. g. No county shall subscribe for stock in any
Incorporated company, unless the be paid for at
the time Of such subscriptions shall any county loan
It's credit to any incorporated company, nor borrow
money for the purpose Of taking stock any such
pany shall the General Assembly ever on behalf Of
the State, the debt of any county city, town. or
township; nor of and corporation whatever.
ARTICLE XI.
CORPORATIONS.
SEC 1. The General Assembly shall not have power
to establish or incorporate any bank banking
pany, moneyed institution for the purpose of issuing
bills OF credit or bills payable TO order bearer
cept under the conditions prescribed in this Constitution
SEC. 2. No banks shall be established otherwise than
under general banking lax, except provided in the
fourth section of this article
SEC. 3. If the General Assembly shall enact gen.
era banking law, such law shall provide for the registry
and counersgning by officer Of State, Of all paper
credit designed TO be circulated money; and ample
redemption Of the in gold silver, shall he requr-
ed which collateral security shall be under the control Of
the proper officer or officers of State.
SEC. 4. The General Assembly may also charter a
Bank with Branches, without collateral security,
qured in the preceding section.
SEC. 5. Ii the General Assembly shall establish a
Bank with Branches, the branches shall be mutually re-
sponsble for each others liabilities upon all paper credit
issued money.
SEC. g. The stockholders in every bank or banking
company shall be individually responsible TO an amount
and above their stock equal to their respective
shares of stock, for all debts liabilities of said bank
banking company.
SEC T. All bills or notes issued as money shall be- az
all times, redeemable in gold silver; and law shall
be passed, sanctioning directly indirectly the sus
pension, by any bank banking company of specie pay
ments.
SEC s. Holders of hank notes shall be entitled in case
Of insolvency, to preference Of payment all other
creditors.
SEC 9 No bank shall receive, directly or indirectly
greater rate of interest than shall be allowed, by law
to individuals lOanng money.
SEC. 10. Every bank or banking company shall be
required to all banking operations, within twenty
years from the time of its organization, and promptly
thereafter to close its business.
SEC. IL. The General Assembly is not prohibited
from investing the Trust Funds in Bank with branches
but in OF such investment, the safety OF the
shall be guaranteed by unquestionable security
SEC. Y. The State shall not be stakeholder in any
bank after the expiration o the present bank charter
shall the credit OF the State be given loaned
in aid of any person. association. corporation
shall the State hereafter become sOckholder in any
poration association.
SEC. 49, Corporations other than banking shall net
be created by special ac but may be formed under gen.
cral laws
SEC ii. Dues from corporations, other than bank
ing shall be secured by such individual liability Of the
corporotors other means, may be prescribed by
| law.
ARTICLE XII
|
SEC l. The militia shall consist of all able-bodied
white male persons, between the ages of eighteen and
forty-hve years, except such as may be exempted
by the laws of the United States, of this Stae and
shall be organized ocered armed, equipped and train
ed, in such manner may be provided by law.
SEC. 2. The Governor shall appoint the Adjutant,
Quartermaster and Commissary Generals
SEC. 3. All militia officers shall be commissioned bv
the Governor and shall hold their Offices longer than
six years.
Sec. A. The General Assembly shall, by law, deter
mine the method of dividing the militia Into divisions
brigades regiments batalons and companies, and fix
the rank of all staff officers
SEC. 3. The militia may be divided into classes OF
sedenary and active militia. in such manner shall be
prescribed by law.
SEC. g. No person, conscientiousy opposed to bear
ing arms, shall be compelled do militia duty but such
person shall pay equivalent fer exemptions the amount
ARTICLE XIII
| NEGROES AND MELATToEs.
j SEC. !. No Negro Mulatto shall come into, or
settle the State after the adoption of this Constitution
SEC. 2. All contracts, made with any Negro Mu-
Iatto coming into the State contrary TO the provision OF
the foregoing section shall he void and person who
shall employ such Negro Muatto, otherwise encours
age him to remain in the State shall be fined in any sum
not less than ten dollars, than five hundred
dollars
SEC 8. All fines which may be collected for a viola
Of the provisions of this article, of any law which
may hereafter be passed for the purpose of carrying tho
into execution shall be apart and appropriated
for the colonization of such Negroes and Mulattoes and
their descendants may be in the State at the adop
tion of this Constitutions and may he willing to emigratc
SEC, Inc Oeneral Assembly snail pass 10 car
ry out the provisions Of this article.
/ ARTICLE XIV.
BOUNDARIES
SEC l. In order that the boundaries Of the State may
be known and established it is hereby ordained and de-
cared that the State of Indiana is bounded the East
by the meridian line which forms the western boundary
of the State Of Ohio; the South, by the Ohio river,
from the mouth OF the Great Miami river to the mouth
of the Wabash river; the West, hy line drawn
along the middle of the Wabash river from its mouth to
point where due north ne drawn from the town Of
Vncennes, would last touch Che northwestern shore os
said Wabash river and thence, by due north line,
until the shall ntersect east and west line,
drawn through point ten miles north Of the southern
extreme of Lake Michigan; the North by said east
and line, until the shall ntersect the first
toned meridian line, which forms the western boundary
nf the State Of Ohio.
SEC q The State Of Indiana shall possess jurisdiction
and sovereignty coextensye with the boundaries declar
ed in the preceding section and shall have concurrent
jurisdiction civil and criminal cases, with the State OF
Kentucky the Ohio river, and with the State of Hi
the Wabash river far SAID rivers form the
boundary between this State and said States re-
spectivey
MISCELLANEOUS.
| SEC l. All officers, whose appointment is not other;
wise provided for in this Constitution shall be chosen in
such now is, may hereafter be, prescribed
/ by law.
SEC 2 When the duration of any Office is not provd.
ed for by this Constitution may be declared by law
and if not so declared such Office shall be held, during
the pleasure of the authority making the appointment
But the General Assembly shall NO: create any Office
the of WHICH shall be longer than four years.
SEC. g. Whichever it is provided in this Constitution,
or in any law which may he hereafter passed, that any
officer, other than member Of the General Assembly,
shall hold his Office for any given term the shall be
construed 20 mean that such officer shall hold his Office
for such term, and until his shall have been
! elected and qualified
Sec A. Every person elected or appointed any Of
flee under this Constitution, shall before entering on the
duties thereof take oath ana ton, support the
Constitution Of this State, and of the United States, and