The Portsmouth inquirer. [volume] (Portsmouth, O. [Ohio]) 1849-1855, 1851-03-24
NUMBERl 81

1 and all debts itcurred to redeem the pre-
sent outstanding indebtedness Of the State
shall be SO contracted as to be payable BY
the sinking fund hereinafter provided fol
as the same shall accumulate.
Is SEc.g3. Except the debts above speci.
lfedin sections one and two Of this article;
no debtWhatevers shall hereafter Be crea-
tied by oronIbehalf Of the State "a
SEC. 4. The credit Of the State shall not
ii any manner BE given, or loanedto or
! in aid of any individual, association or
corporation whsteyer, nor shall the State
lever hereafter become a joint owner or
stockholdef in any company, d associa-
ton, in this State or elsewhere, formed
for any purpose whatevef. iiIasl saas
Sec. s. The State shall never assume
the eadebts Of any county, city, town or
township, or ofsany corporation whatever,
unless such dsst shall have been created
to repel invasion, suppress insurrection,
or defend the State In war. s7
SEC. 6. The General Assembly shall
never authorize any county, city, town, of
township, by vote Of its citizens, or other
wise, to become stockholder in any Joint
stock company, corporation or association
whatever, or to raise money for, or loan
its credit to,,or in aid of any such COM
pany, corporation or association. g yA
Sec. 2. The faith of the State being
pledged for the payment of its public debt,
IN order to provide therefor, there shall
be created a sinking fund, which shall be
sufficient to pay the accruing interest on
such debt, and annually to reduce the
thereof by sum not less than
one hundred thousand dollars, increased
yearly and each and every year, by COM
pounding at the rate Of six per cent. per
annum. The said sinking fund shall con-
slst OF the net annual income of the public
Works and stocks owned BY the State, Of
any other funds or resources that are or
may be provided by law; and Of such fur
ther sum, to be raised by taxation, as may
be required for the purposes aforesaid.
SEC. g.. The Auditor Of State, Secretary
Of State, and Attorney General, are here
by created board Of commissioners, to
be styled ssthe Commissioners of the Sink.
ing Fund" M
SEC. 9. The Commissioners ofthe Sink,
ing Fund shall, Immediately preceding
each regular session of the General AS
sembly, make an estimate Of the probable
amount of the fund provided for in the
seventh section of this article, from all
sources except from taxation, and report
the same, together with all their proceed
ings 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 As
sembly shall make all necessary provision.
for raising and discussing said sinking
fund, in pursuance ofthe provisions ofthis
article. ~
SEQ. 10. 1t shall be the duty of the said
Commissioners faithfully to apply said
'und together with all moneys thatamsy
'e BY the General Assembly appropriated
% that object, to the payment of the in
crest as it becomes due, and the redemp-
ion Of the principal of the public debt of
he State, excepting only the school and
ract funds held by the State.
Sec. H.. The said Commissioners shall
emi-annually make full and detailed
eport of their proceedings to the Cover
Tor, who shall Immediately cause the
anne to be published, and shall also com
the same to- the General Assem-
'ly, forthwith, If it be in session, and ifI
lot, then, at its first session, after such
eport shall be made.
Sec. 12. Solong as this State shall have
Iublie works which require superintend-
nee, there shall be "a Board Of Public
Works, to consist of three members, who
hall be elected by the people, at the first
eneral election, after the adoption of,this
one for the term ofone years
ne for the term of two years, and one
Or the term of three years; and one mem
er Of said Board shall be elected annual
! thereafter, who shall hold his Office for
lree years. a ulQs
SEC. IS. The powers and duties ofsaid
'oard Of Public Works, and its several
lembers, and their compensation, shall
e such as now are or may be prescribed
y law. aa F.f
ARTICLE TX.
So t MILITIA. i@.g ~ ~
SEQ, I. All white ma1e citizens, resi-
ents Of this State, being eighteen years
age and under the age. of forty-fve
ears, shall be enrolled in the militia, and
erform military duty, in such manner,
OF incompatible with the Constitution
nd laws Of the United States, as may be
rescribed by law. ..sgr,i
Sec. 2. Majors General, Brigadiers
feneral, Cotonels, Lieutenant Colonels,
lajors, Captains and subalterns, shall be
lected by the persons subject to military
aty, in their respective districts.
SEC, 8. The Governor shall appoint the
Idjutant General, Quartermaster Gene
all and such other staff officers as may
9 providedfof by law. Majors General,
'rigadiers General, Colonels or comman-
ants Of regiments, battahons or squad
ons, shall seyerally appoint their staff;
nd Captains shall appoint their nom
officers, and musicians.
SEC. A. The Governor shall commission
II of;cars sof the line and staff ranking as.