The north Iowa times. [volume] (M'Gregor [i.e. McGregor], Iowa) 1856-1857, 1857-07-17

same manner as other citizens. n.r
Sec. Three. All commissioned officers
of the militia (staff officers excepted }
shall be elected by the persons liable to
perform military duty, and shall be COM
missioned by the Governor. 4..as .'.
ARTICLE yI1.-sTATE DEBTS.
SECTION One. The credit Of the State
shall not, in any manner be given or
loaned to, or in aid Of any individual
association, or corporation and the
State shall never assume, or become
responsible for, the debts or liabilities
of any individual, association or corpo-
ration, unless incurred in time of war
for the benefitof the State. z.a& ~
. Sec. 2. The State may contract debts
to supply casual deficits or failures in
revenues, or to meet expenses not other
wise provided for; but the aggregate
amount of such debts, direct and con-
tingent, whether contracted by virtue
of one or more acts of the General AS
sembly, or at different periods of time,
shall never exceed the sum of 1.-TWO hun
drcd and fifty thousand dollars y and
the money arising from the creation of
such debts, shall be applied to the pur-
pose for which it was obtained, or to re-
pay the debts so contracted, and to no
other purpose whatever. " "-'#'
SEC 3. All losses to the permanent,
School, or University fund of this State,
which shall have been occasioned by the
defalcation, mismanagement, or fraud of
the agents or officers controlling and
managing the same, shall be audited by
the proper authorities of the State
The amount so audited shall be per-
manent funded debt against the State,
in favor of the respective fund. sustain
ing the loss, upon which not less than
six per cent. annual interest shall be
paid. The amount of liability so created
shall not be counted as part Of the in
debtedness authorized by the second
section of this article. q r. .. I~.
SEC. Four. In addition to the above
limited power to contract debts, the
State may contract debts to repel inva-
sion, suppress insurrection, or defend
the State in war; but the money arising
from the debts so contracted shall be
applied to the purpose for which it was
raised. or to repay such debts, and to no
other purpose whatever. .
Sec. Five. Except the debts herein
before specified in this article. no debt
shall be hereafter contracted by, or on
behal If Of this State, unless such debt
shall be authorized by some law for some
single work or object, to be distinctly
specified therein and such law shall
impose and provide for the collection OF
direct annual tax. sufficient to pay the
interest on such debt, as it falls due, and
also to pay and discharge the principal
of such debt. within twenty years from
the time of the contracting thereof; but
no such law shall take effect until at a
general election it shall have been sub
mitted to the people, and have received
a majority Of all the votes cast for and
against at such election land all money
raised by authority Of such law, shall
be applied only to the specific object
therein stated, or to the payment of the
debt created thereby; and such law
shall be published in at least one news
paper in each county. if one is publish
ed therein, throughout the State, for
three months preceding the election at
which it is submitted to the people.
SEC. 6. The Legislature may, at any
time. after the approval of such law by
the people, if no debt shall have been
contracted in pursuance thereof, repeal
the same and may at any time forbid
the contracting of any further debt, or
liability, under such law but the tax
imposed by such law, in proportion to
the debt or liability, which may have
been contracted in pursuance thereof,
shall remain in force and be irrepealable,
and be annually collected, until the prin-
cipal and interest are fully paid.
Sec. 7. Every law which imposes.
continues. or revives tax. shall dis
tinctly state the tax, and the object to
which it is to be applied; and it shall
not be sufficient TO refer to any other law
to fix such tax or object.