Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1851-02-27
NO. 80.

/ Assembly.
SEC 5. No law shall authorize any debt 70 be con-
tracted, behalf of the State except the following
to meet casual deficits IN the revenue TO pay the
interest on the State Debt to repel INVASION suppress
nsurrecton hostities threatened provide for
the public defence.
4 SEC 6. No county shall subscribe for stock in any
Incorporated company, unless the be paid for
the time of such Subscription ner shall ay county loan
It's credit to any incorporated company, nor borrow
money for the purpose OF taking stock in anv such
pany shall the General Assembly ever on behalf Of
the State assume the debt Of any county city town,
township; nor of and corporation whatever.
ARTICLE XII
CORPORATIONS.
SEC. |: The General Assembly shall not have power
to establish incorporate any bank banking COM
pany, or moncyed institution for the purpose of issuing
bills Of credit bills payable 10 order or bearer, ex
eept under the conditions prescribed in this Constitution
SEC 2 No banks shall be established otherwise than
under general banking a except as provided In the
fourth section of this article.
SEC. g. Ii the General Assembly shall enact gen.
era banking law, such law shall provide FOR the registry
and commissioning. by officer of State of all paper
credit designed TO he circulated money; and ample
collateral security readily convertible into specie for the
redemption o the same IN gold or silver shall be requr
ed which collateral security shall under the control of
1 the proper officer or officers of State.
SEC. 4. The General Assembly may also charter q
Bank with Branches, without collateral security as re.
qured in the preceding section.
SEC 5. If the General Assembly shall establish
Bank with Branches, the branches shall he mutually
sponsbe for each others liabilities upon all paper credit
issued money.
SEC. G. The stockholders in every bank or Lankinc
company shall be individually responsible, amount
over and above their stock eqna to their respective
shares of stock for all debts liabilities of said bank or
banking company.
SEC. T. Allbil issued as money shall be- az
al times redeemabe IN gold silver and law shall
bspassed. sanctonng, directly Indirectly the sus.
pension by any bank or banking company, of specie pay
ments.
SEC s. Holders of bank notes shall be entitled in case
of insolvency, to preference of payment all other
creditors
SEC g. No bank shall receive, directly or indireetlr
greater rate of interest than shall be allowed by law
to individuals oaning money.
SEC. TO- Every bank or banking company shall be
required all banking operations within twenty
years from the of 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 sucn investment, the safety of the
shall be guaranteed by unquestonabe security.
SEC H. The State shall not be stockholder in any
bank after the expiration of the present hank charters
shall the credit of the State everbe given loaned
in aid of any person. association. corporations nor
shall the State hereafter become sockhoder in any cor
poration association.
SEC. 49, Corporations, other than banking shall net
he created by special aet but may be formed under gen.
SEC a. Ducs from corporations, other than bank
ing shall be secured by such individual liability of the
corporoors, other means, may be prescribed by
law.
ARTICLE XII.
CEC. 4. ne militia Snal consist O al nDle-bOdlc0
-hite male persons between the ages Of eighteen and
iorty-hve years, except such may be exempted
by the laws of the United States, Of this State; and
shall be organized ocered armed equipped and train
cd, in such manner may be provided BY law.
SIC. 2. The Governor shall appoint the Adjutant,
Quartermaster, and Commissary Generals.
SEC. g. All militia officers shall be commissioned by
the Governor, and shall hold their Offices longer than
six years.
Sec. L. The General Assembly shall, by law, deter
mine the method of dividing the militia into divisions
br and hx
the rank of all staff officers.
SEC. s. The militia may be divided into classes OF
sedentary and active militia in such shall be
prescribed by law.
SEC. 6. Noperson, conscentiously opposed to bear
ing arms shall be compelled do militia duty but such
person shall pay equivalent for exemptions the amount
to be prescribed by law.
ARTICLE XIII.
NEGROES AND MyLATToEs.
SEC. l. No Negro Muatto shall come into, OF
settle in the State. after the adoption of this Constitu
tion.
SEC. 2. All contracts, made with any Negro Mu-
atto coming into the State contrary TO the provision OF
the foregoing section shall he void and any person who
shall employ such Negro Muato, otherwise
age him to remain in the State shall be fined in any
not less than ten dollars nor more than five hundred
dollars.
SEC 3. All fines which NAV be collected for 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 Muattoes and
their descendants, may be in the State at the adop
ton of this Constitution and may be wiling to emgrate
SEC. 3. The General Assembly shall pass laws 70 carr
ry out the provisions OF this article
ARTICLE XIV.
BoUNDA RIEs.
SEC l. In order that the boundaries OF the State may
be known and established is hereby ordained and de-
cared that the State of Indiana bounded on the East,
by the meridian line. which orms the western boundary
Of the State of Ohio onthe South, by the Ohio river,
from the mouth OF the Great Miami river TO the mouth
of the Wabash river; on the West, by line drawn
along the middle of the Wabash river from IFS mouth to
point where doe north line, drawn from the town OF
Vincennes, would last touch the northwestern shore oi
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 west line until the shall nersect the rst men
toned meridian ne which forms the western boundary
nj the State of Ohio.
SEC 3 The State OF Indiana shall possess jurisdiction
and sovereignty coextensive with the boundaries decar
ed in the preceding section and shall have concurrent
jurisdiction in civil and criminal cases with the State OF
Kentucky the Ohio river, and with the State Of Il
nois on the Wabash river, far SAID rivers form the
boundary between this State and said States re-
spectiveiy.
MISCELLANEOUS.
SEC /. 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.
SIC ? When the duration of any office is rrosid-
ed for by this Constitution, may be declared BY law;
and f declared such Office shall be held, during
the pleasure Of the authority making the appointment
But the General Assembly shall not create aay oiice,
the tenure of which shall be longer than four years.
SEC. g. Whenever il is provided in this Constitution,
in any law which may be hereafter passed, that any
officer, other than member OF the General Assembly,
shall hold his Office for any given term the same sha De
construed TO mean, that such officer shall hold ms once
for such term, and until his successor Shall have been
SEC a. Every person elected appointed to any Of
fee under this Constitution shall before entering ON the