Quasqueton guardian. (Quasqueton, Buchanan County, Iowa) 1856-1858, 1857-04-11

ually responsible and liable to its credit
ors, over and above the amount of stock
by him or her held, to an amount equal
to his or her respective shares SO held,
for all its liabilities accruing while he or
she remains such stockholder.
SEC. 10. In case Of the insolvency of
any banking institution, the bill holders
shall have a preference over its other
creditors. 9a
SEC. IL. The suspension ofspecie pay
ments by banking institutions shall never
be permitted or sanctioned
+ SEC. I2. Subject to the provisions Of
this article, the General Assembly shall
have power to amend or repeal all laws
for the organization or creation Of corpor-
atoms, or granting of special or exclu-
sive privileges or immunities, by a vote
of two-thirds of each branch of the
General Assembly; and no exclusive
privileges, except in this article provided,
shall ever be granted. nsei3t
ARTICLE 9-EDUCATION AND
SCHOOLS.
SECTION 1. The educational interest of
the State, to include Common Schools
and other educational institutions, shall
be under the management of Board of
Education, which shall consist of the
Lieutenant Governor, who shall be the
presiding officer of the Board, and have
che casting vote in case of tie, and one
member to be elected from each judicial
districtlin the 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 been one year citizen of the State.
SEC. 3. One member of the board Shall
be chosen by the qualified electors of
each district, and shall hold the Office for
the term of four years, and until his sue
cessor is elected and qualified. After
the first election under this Constitution,
the board shall be divided as nearly AS
practicable, into two equal classes, and
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. A. The first saes;.... &c Al - =. ----.'
Government, on the first Monday of De-
cember, after their election after which
the General Assembly may fix the time
and place of meeting.
SEC. 5. The session of the Board of
Education shall be limited to twenty days,
and but one session shall be held in any
one, year, except on extraordinary occa-
sions, when, upon the recommendation
of two-thirda of the Board, the Governor
may order special session. ~
SEC. 6. The Board Of Education shall
appoint Secretary, who shall be the ex
ecutive 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-
ceedingst Mhich shall be published and
distributed in the same manner as the
journals of the General Assembly.
SEC. T. 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 pro-
vided for by the Board, and when SO
passed, published and distributed, they
shall have the force and effect of law.
SEC. 8. The Board of Education shall
have full power and authority to legislate
and make all needful rules and regula-
tions in relation to Common Schools, and
other educational institutions that are in
stituted, 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 repealed by
the General Assembly; and when so al
tered amended or repealed. they shalln not
be re enacted by the Board Of Education.
SEC. 8. The Governor of the State
shall be er c0scio, a member of said Board.
SEC. 10. The Board shall have no
power to levy taxes, or make appropria-
tons Of money. The contingent expen-
ses shall be provided for by the General
Assembly. e '.s
SEC. II. The State University shall be
established at one place without branches
at any other place, and the University
fund shall be applied to that institution
and no other. s6# ia
SEC. l2. The members of the Board
of Education shall provide for the educa-
ton of all the youths Of the State, through
a system of common achools. And such
schools shall be organized and kept in
each school district at least three months