Richmond daily times. [volume] (Richmond [Va.]) 1850-1853, 1851-07-11

and liabilities Of the State shall amount 10 the sum Of
twenty millions OF dollars; nor until three hs Of the
capital stock shall have been subscribed and actually
pador secured to be paid, by individual stockholders
and whenever the Legislature shall make appropriations
Tor works OF internal Improvement, the Legis-
Iaure making the appropriation shall provide by law
Tor raising the money by taxation the expenses
OF the State in such works of internal improvement"
The substitute was disagreed to, ayes20, noes So.
Inc question then required the insertion of MIR.
HUNTERS amendment which disagreed to.
Mr.. FERGUSON offered the following as ndepen-
dent section, to come ia after the 4th:
mo subscription to any work of internal improve
ment shall be authorized the part of the State, until
accurate survey thereof be made by competent en-
gineer, under the direction of the Board of Public
WORKS, and the entire cost of such work. as nearly as
possible, be ascertained."
Mr. Brown moved to amend by adding the amend
ment which had been proposed previously by MIR. M.
GARNET.
"a division being demanded, the question was first ia
Ken upon adding all of the amendment to The amend
pent before the words whenever the Legislature shall
make appropriations" &c. Disagreed to-
The question then required upon the addition of the
latter portion commencing " it'll the words "whenev er,
&c" Agreed to.
The question being put upon the amendment as
amended, was disagreed to-aye 49, noes4l.
Mr.. FERGUSON then muved his amendment, as ori.
&nally offered without MIR. BRowN's addition.
Mr.. CARLILE proposed the following:
"No survey shall be authorized until those asking,
shall provide for the payment of its cost" The COM
ni,iee refused to insert-ayes 81, noes 50.
Mr.. Cox moved to append the following:
provided: That no bill making an appropriation for
any internal improvement shall become law until a
tax shall have been imposed meet the interest, and
"a years to meet tho principal Of any allowance made
10 consequence OF such appropriation. Agreed toayes
40, noes Al.
Then the amendment OF Mr.. Ferguson, as amended
was rejected-ayes As, noes AS
nv. Boris moved to add after the 4th section, as a
scparate section, the following:
"The Legislature shall not be empowered to grant
charter of incorporation to any church religious de-
nom.haton whateve -
The amendment was agreed to-ayes a, noes 49,
Mr.. SHEFFEY submitted the following to come in af-
ter the amendment OF Mr. Bolts: But nothing herein
Assembly from passing laws to secure the title to
Church property by the appointment of Trustees to
hold the same" Agreed to-ayes SO, noes a.
Mr. FAULKNER moved to insert after the 18th section
as independent section, the following:
"The claims of the State against any incorporated
company, to pay the interest and redeem the principal
OF any loan advanced by the State to such company,
eha be fairly enforced and not released But the time
limited for the fuilmen; OF any OF loan here
toi to, made, may be eStendsd BY law
The question being put, the Committee agreed to the
amendment, ayes 46, noes %.
The 9th section then reported follows: "There
shall be set apart annually by the auditing and dsburs
ing officers OF the Treasury from the revenue accruiag
from taxation, and the fund for internal improvements
equal to seven per cent of the State debt existing
the LIST day of January, 1882 The fund thus apart
shall be called the sinking fund.- and shall be set apart
and applied by the officers aforesaid to the payment the
interest of the State debt and the ncpa of such part
as may be redeemaba. II no part be redeemable then
the residue Of the sinking fund.- after the payment Of in
terest shall be invested in the bonds certificates OF
debt of this commonwealth, OF the United States
OF some of the states OF this union and applied to the
payment Of the state debt shall become redeemable.
For the purpose OF setting apart, making and supen-
tending this Investment the said officers shall constitute
board with all necessary power to cary into effect his
article; The organization OF which board may be pre-
scribed by law. Whenever debt shall be contracted
after the first day OF January, 1852, the said officers
shall in like manner apart annually for twenty four
Years, equal to eight per cent of the debt at
time Of its contraction, for the space OF twentyfour
years from that time, which sum shall be part of the
sinking fund, and shall be applied in the before
directed. The revenue thus appropriated to the sink.
( fund with its accruing interest, simple and COM
lYund shall not be subject to appropriation by the e
gslaure except in time OF war instruction or inv aslon
On motion, the Committee rose.
RESTRICTION OF DEBATE.
Mr.. CARLILE moved the following resolution:
Resolved, That the Committee Of the Whole be in
structed to report to the Convention all the subjects
which have been here oore referred to it, with its ac-
ton thereon, and that, from this day, the Convention
will proceed the consideration Of the subjects be-
lore it, and the Committee of the whole.
Rejected ayes SO, noes A.
Mr.. SUMMERS moved as follows
"Resoved, That the resolution adopted yester-
day terminating all further debate in committee ofthe
Whole on the Legislative Report be aud the same is
hereby so modified to allow any member to speak
not exceeding ten minutes on any report or any
amendment thereto.
A motion to strike out ten" and insert "nve, was
negatived.
A motion to add the "yeas and nays may be call
ed IN Committee OF the Whole, in like manner as in the
Convention" was disagreed to.
The question required upon Mr. SUMMERS amend
ment, which adopted.
LEGISLATIVE REPORT.
On motion the Convention again resolved itself into
Committee OF the Whole upon the Legislative Report:
Mr. GooDE moved to strike out the 9th section, and
to insert the following in lieu thereof; "Whe ever,
after The first day OF January, 1882 law shall be
passed. authorizing the creation OF public debt, shall
be provided in the act, OF money shall be
apart annually from the revenues OF the Common
wealth equal to per cent on the amount OF the said
,ebt, and shall be applied annually towards the pay
OF the interest and principal on the debt author
ied by the act until the entire debt shall be paid, at
which time the provision Tor raising the said sum OF
per cent shall expire.
Mr.. TAYLOR moved to strike from the 9Th section
the words cor some of the States OF the Union" Re-
jected.
Mr. HUNTER moved to add after the words, "and the
fund for internal Improvements sum equal to per
cent" in the 9th section the words, con four lions"
Rejected.
On motion the committee rose, and then, on motion,
the Convention adjourned.
[n the list of members voting against the reconside-
ration of the compromise of the basis question, the
name OF MIR. Bolts accidentally omitted: he yot-
ed against the reconsideration 'f
CITY AFF AIRS.