The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1868-03-25
FINANCE AND TAXATION.

FINANCE AND TAXATION.
SECTION l. The General Assembly shall
provide by law for 4 nnitcrri and equal
rate OF asscssrncbt and taxation ard Shall
prescribe such regalaii"i:s as slluI. sccnfc
!; Just valuation for taxation Of all prop
erty, real, personal and posseseory, cx-
ccpt mines anu mining claims the pro-
ceeds of which alone shall be taxed; and
also excepting sncll property as may he
exempted by law for municipal. ednca-
tonal, literary, scientific, religious or CHAR
liable purposes.
2. The General Assembly may provide
annually for Il poll tax not to exceed one
dollar on each poll, which shall be applied
exclusively to the public school fand.
And no additional poll tax shall be levied
by any municipal corporations. =
3. The General Assembly shall provide
tor an annual tax sufficient to defiay the
estimated expenses of the Stato-tol each
year; and whenever it shall happen that
such ordinary expenses of the State for
any vear shall exceed the income OF the
State for snch yea:. tho General Assembly
shall provide for levying tax for the en-
snng year, sufficient, Nith other sources
of income, to pay the deficiency OF the
preceding year. together niih the cstinla-
ted expenses of the ensuing year
4. No tax shall be levied except in pur-
suanco of law, which shall distinctly
state the object of the same; 10 which
object such tax shall be applied.
5. 1t shall be the duty of tie General
Assembly to enact laws for the excmp-
tion from taz:,tion OF all public schools,
colleges, ana institutions CT learping, all
charitable institutions in the nature of
usvlums for the. infim. deaf and dumb,
blind. idiotic and INDECENT persons, al
public Libraries, CHURCHES and ba"ying
grouads hn; property OF associations and
societies, although connected with cl.arl-
table objects, shall not be exempt from
State. County or Municipal taxation;
Proridcd, That this exemption sball not
extend beyond the buldingsand premises
actually occupied by such schools, collie
res. institutions Of learning. asylums IL
6rarics. churches and burial grounds, al
tbonrh connected. with charitable objects.
6. The General Assembly shall provide
for the valuation and assessment OF ali
lands an. the Improvements thereon prior
to the assembling oi The General Assem-
bly, of 1870, an.' thereafter on every fifth
year.
Z. For the purpose of iclraying extra
ordinary expenditures, the State may
contract pnl,!ic debts; but sach debts
shall be authorized hy law orsomc single
ohicc!. tn be distinctly specified thcrcia
and no such law shall take effect until it
Shall have beer passed BY tic vote OF
two.thirds of the members Of each branch
of the General Assembly, 10 &c recorded
by yeas and nays on the i;oninals of each
House respectively; ana every srch law
Shall levy a tax annually sufficient to pay
the annual interest OF such debt.
8. The corporate authorities OF Coun-
ties Townships, School Districts, Cities,
Towns and Villages may lie vested with
nc wer to assess and collect taxes for cor
porate purposes; such taxes to be uniform
in respect 10 persons and property within
III. Jurisdiction OF tie body imposing the
same. And the General Assembly Shall
require that all the property, except that
heretofore exempted within the limits of
municipal corporations, Shall DC taxed tor
the payment OF debts contracted under
authority OF law.
9. The General Assembly shall provide
for the incorporation and organization OF
cities and towns. und snail restrict their
pnwcrs OF taxation, borrowing money,
contracting debts. and loaniHg their credit.
10. No scrip, certificate, or other cyl-
lcncc of State indebtedness shall &c IS
sued, except for tie rcdcmptic,. OF stock,
bonds. or other evidences OF indebtedness
previously issued. or ior such debis rs are
c"pressv authorized in this Constitution
il. An accurate statement Of The re- re.
cspts and expenditures of the Pnvlc @
money shall be published with the laws
of each regular session OF the ue"oIal
Assembly in sach manner rs may ny
- No money Shall be drawn from the
Tro,snrv. bat in pursuance OF appropria-
tion made t.v law.
l3. TIE fiscal year shall commence on
the fist day of November in cach year.
IL. ANY deb. contracted by the State
shall be by loan on State Bon;s, of
amounts not less tl'an fifty dollars cach:
on interest. payable within twenty years
after the final passage OF the law author,
izing such debt y correct res@iStr,' OF all
such bonds Shall be kept by Tie Tre"si'-
.cr in numerical, order, 50 as always TO
exhibit the number and amounts unFaiu,
and to wnom srver:,I!v made payable
Is. Suitable laws shall bcpassed by 'no
Gereral Assembly for the safe keeping,
trauster ard disbursement OF the State
comfy and school funds, and all officers
and other persons charged with the s''me,
! Shall keep I'm accarate entry OF e'ch sun
received. and OF each payment and trans
c,r. ,.c.'. md Shall Give sucll <cca;;1y for the
,io ft' f.ilhfuI Nth T discharge Of such duties Is
.,'' .,'o c,nar,, 60, assnnl.lv may pro, de. And