The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1857-07-04

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Sec. 9. Every stcckh, Her in bank
ing corporation Or institution shall be in
dividusIly respolsibie and liable to its
creditors, over and above the amount OF
stock BY him or her held, to an amount
equal to his or her respective shares 30
held, for all it's liabilities, accruing while
he or che remains such stakeholder.
Sec. 10. In cese Of the insolvency of
any banking institution, the bill-holders
shall have preference over its other
creditors.
See. IL. The suspension of specie pay
ments by banking inststutions shall never
be permitted or sanctioned.
See. II. Subject to the provisions of
this article, the G,n.rsl Assembly shall
have power to amend or repeal all laws for
the organization or creation of corpora
tons, or granting of special or exclusive
privileges or immunities, by vote of two
thirds of each branch of the General As
sembly; and no exclusive privileges, ex-
cept NJ in this articl, provided, shall ev-
er be provided.
ARTICLE Q. -EpucArloN~AND ScnooL
LANDS.
1st Eamcation g..
Section l. The educational interests Of
the State, including Common Schools and
other educational institutions, shall be
under thu management of Board of Ed
ucation, which shall consis, Of the Lieu
tenant Governor, who shall be the presi-
| ding officer Of the Board, and have the
casting vote in the case Of tie, and one
, member to be elected from each judicial
district in TIL: State.
Sec. 2. No person shall be eligible as a
member of said Board who shall not have
attained the age OF twenty-five years, and
shall have been one year citizen Of the
State
Sec. 3. One member Of said Board
shall be chosen by the quaiinId electors
Of each district, and shall hold the Office
for the term of four years, and until his
successor is elected and qualified. After
the first election under this constitution,
the Board shall be divided, as nearly as
practicable, into two equal classes, aud
the seats Of the first class shall be vacated
after the expiration of two years; and one
half Of the Board shall be chosen every
two years thereafter.
Sec. 4. The first session Of the Board
Of Education shall be held at the Seat Of
Government, on the first Monday of De-
cember, after their election; after which
the Gener;l Assembly may fix the time
and place of meeting
Sec. 5. The session Of the Board shall
be limited to twenty days, and but one
session shall be held in any one year, ex-
cept upon extraordinary occasions, when,
upon the recommendation of two-thirds
Of the Board, the Governor may order
special sessioi
Sec. 6. The Board of Education shall
appoint Secretary, who shall be the ex-
ecutivc officer Of the Board, and perform
such duties as may be imposed upon him
by the Board, and the laws of the State.
They shall keep journal Of their pro-
cesdings, which shall be published and
distributed in the same manner as the
journals of the General Assembly.
Sec. 7. All rules and regulations made
by the Board shall be published and dis
tributed to the several counties, town.
ships, and school districts, as may be
provided for by the Board, and when so
made, published, and distributed, they
shall have the force and effect of law.
Sec. s. The Board of Education shall
have the full power and authority to leg
islate and make all needful rules and reg
ulations in relation to Common Schools,
and other educational institutions, that
are instituted to receive aid from the
School or University fund Of this State,
but all acts, rules, and regulations Of said
Board may BE- altered, amended, or re-
pealed BY the General Assembly; and
when so altered, amended, or repealed
they shall not be re-enacted by the Board
Of Education.
See. 9. The Governor Of the State
shall be, er-o6cio, member of said
Board.
See. 10. The Board shall have no pow
or to levy taxes, or make appropriations
Of money Their contingent expenses
shall be provided for by the General AS
scmbly.
See. H. The State University shall
be established at one place; without,
branches at any 9th ar place, and the Uni
versity fund shall be applied to that in
stitution, and no other.
Sec l.. The Board of Education
shall provide for the education OF all
the youths of the State, through sys-
TEN of common schools and such schools
shall be organized and kept in each school
district at least three months in each
year. Any district failing, for two con-
secutive years, to organize and keep up a
school, may be deprived of their portion
Of the school fund.
See, 10. The members of the Board
of Education shall each receive the same
per diem during the time Of their session
and mileage going to and returning there
from, as members Of the General Assem-
bly,.
See. II. A majority Of the Board
shall constitute quorum for the transact
tlon of business but no rule, regulation
or law, for the regulation and govern
ment of common schools or other educa-
tional institutions, shall pass without
the concurrence Of majority of all the
members Of the Board. which shall be
expressed by the yeas aud pays on the
final passage The style of all acts of the
Board shall be, enacted BY the Board of
Education of the State of Iowa"
See. ID. AT any time after the year
one thousand eight hundred and sixty
three, the General Assembly shall have
power to abolish or re-orvauize sail Raard