Fremont weekly freeman. [volume] (Fremont, Sandusky County, Ohio) 1850-1853, 1851-05-03

ehiah never EXCEED seven hundred and hfty
Thousand dollars; and the money arising from
the creation Of such debts, shall be applied 10
the purpose FOR which it was obtained, or to
repay the debts so contracted, and to no 9th
er purpose whatever.
Sec. 2. In addition TO the above limited
power, the State may contract debts TO repel
invasion, suppress insurrection, defend the
State IN war. OF 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 torepay such debis.and
10 no other purpose whatever; and all debts.
incurred 10 redeem the present outstanding
Indebtedness Of the State. shall be so centrac-
tad as 10 be payable by the sinking fund, here.
mailer provided for, as the same shall aecu-
mulate.
Sec. 5. Except the debts above specified
in sections one and two of this article, no debI
whatever shall hereafter be created By, or on
behalf Of the State.
Sec. &. The credit of the State shall not
II any manner, be given or loaned to. or in
aid Of, any individual association or corpora
tion whatever; nor shall the State ever here
after become = joint owner. or stoekholdcr. in
any company or association, in this State or
elsewhere. formed for any purpose whatever
Sec. g. Tho State shall never assume the
debts Of any county. city. town. or township
or Of any corporation whatever, unless such
debt shall have been created torepelinvasion,
suppress insurreclion, or defend the State in
war.
Sec. O. The General Assembly shall never
authorize any county, city, town. or township,
By vote Of IFS citizens. or otherwise, 10 become
a stakeholder in any joint stock company, cor
poration. or association whatever: or to raise
money for, or loan lis credit 70, or in aid Of
any such COMPANY, corporation, or association.
Sec 4 The faithof the State being pledg-
cd fJr the payment Of its public debt in order
90 provide therefor, there shall be created a
sinking fund, which shall be sufficient to pay
The aecruing interest on such debt and, annu.
ally, % reduce the principal thereof. by a sum
not less than ono hundred thousand dollars,
increased yearly and each and every year.
BY compounding, as the rate Of six per cent.
per annum. The said sinking fund shall con-
siat, 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 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 crea-
ted board Of commissioners, 10 be styled,
'.Ths Commissioners of the sinking fund"
Sec. 9. The commissioners 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 ar
dcles from all sources except from taxation. and
report the same. together with all their pro-
csedings relative 10 said dfuudandthepublicdeh
20 the Governor, who shall transmit the same
with his regular message, to the General As
sembly: and the General Assembly shall
make all necessary provision for raising and
disbursing said sinking fund, in pursuance of
the provisions of this article.
Sec 10. Il shall be the duty of thesaid COM
rnissioners faithfully 10 apply said fund. to-
gether 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 principal ofthe
public debt Of the State, excepting only, the
school and trust funds held By the State.
Sec IL. The said commissioners shall,
semi-annually, make a full and detailed report
oftheir proceedings 10 the Governor. who SHALL
Immediately. cause the same to be published,
and shall also communicate the same 10 the
General Assembly, forthwith. if il be in ses-
sion, and # not, then at its frs: session after
such report shall be made.
Sec -. So long 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 elect
ed By she people, at the first general election
after the adoption Of this constitution, one for
the term Of one year, one for the term of two
years, and one for the term of three years
and one member Of said board shall be elect
ed annually thereafter. who shall hold his Of
fee for three years.
Sec Is. The powers and duties of said
Board Of Public Works. and its several mem
bers and their compensation, shall be such as
now are. or may be prescribed by law.
ARTICLE TX.
MILITIA.
Sec l. All white male citizens, residents
Of ihis State. being eighteen years Of age. and
Andsr The age Of fUrty-five years. shall be en-
rolled N he militia. and perform military du-
ty, In such manner, not Incompatible with the
constitution and laws of the United States. as
may be prescribed by Law.
Sec. q. Majors General, BrIgadIers Gen-
aral, Colonels, Lieutenant Colonels, Majors
Captains, and Subalterns shall be elected by
she persons subject to military duty, in sheil
respective districts.
Sec. g. Tie Governor shall appoint the
Adiulant General Quarter Master General
and such other staff officers, as may be provid
ed for by law Majors General, Brigadier.
General Goioneis or Gommandants of Regi
menss, Battalions, or Squadrons. shall, sever.
ally appoint their staff: and CaptaiEs shall ap
point their non-commissioned officers and mu
Ricians
sec4The Governor shallcommission all officer
Of the line and staff, ranking as such; ant
shall have power 10 can forth The Militia, 4
execute the laws Of Che State, to. suppress in
surreciion, and repel inyasion, s.so
Sec. S. Tho General Assembly shall pro
vide, BY law, for the protection and safe keep