The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1868-04-22
WEDNESDAY MORNING, APRIL 20, 1868.

of two-thirds of the members of
each branch of the General Assem-
bly,, to be recorded by yeas and
nays on the journals ofeach House
respectively; and every such law
shall levy tax annually sufficient
to pay the annual interest of such
debt.
Sec. s. The corporate authori-
ties Of Counties, townships, school
districts, cities, towns and villages
; may be vested with power to as
sess and collect taxes for corpo.
rate purposes; such taxes to be
uniform in respect to persons and
property within the jurisdiction
of the body imposing the same.
And the General Assembly shall
require that all the property, ex-
cept that heretofore exempted
within the limits of municipal cor
porations, shall be taxed for the
payment of debts contracted un-
der authority oflaw. = ..
Sec. 9. The General Assembly
shall provide for the incorpora-
tion and organization of cities and
towns, and shall restrict their
powers of taxation, borrowing
money, contracting debts, and
ioaning their credit. =.
Sec: 10. No scrip, certificate, or
other evidence of State indebted
ness shall be issued, except for the
redemption ofstoek, bonds, orother
evidences ofindebtedness previous
ly issued, or for such debts, as are
expressly authorized in this Con-
stitution. -...-.
Sec. II. An accurate statement
Of the receipts and expenditures
Of the public money shall be pub
lished with the laws of each rcgu-
lar session fthe General Assem-
bly,, in such manor as may. by law,
be directed. .'..-. j.: . -
Sec. 12. No money shall be
drawn from the Treasury, but in
pursuance Of appropriation made
by law. ~. ...5a
Sec. 13. The fiscal year shall
commence On the first day Of No
vember in each year. j.. -...~.
Sec. Il. Any debt contracted by
the State shall be by loan on State
binds, ofam cunts less than fifty
dollars each, on interest, payal l;
within twenty years after the final
passage of the law authorizing
such debt. A correct registry of
all such bonds shall be kept by the
Treasurer in numerical order, so
as always to exhibit the number
and amounts unpaid, and to whom
seyerally made. payable. .-.
See. Is. Suitable laws shall be
passed by the General Assembly
for the safe keeping, transfer. and
disbursement of the State, County
and school funds, and all officers
and other persons charged with
the same shall Leep an accurate
entry of each sum received, and of
each payment and transfer and
shall give such security for the
faithful discharge Of such duties as
the General Assembly may pro-
vide. And it shall be the duty of
the General Assembly to pass laws
making EN- bezzlement ofsuch funds
a felony, punishable by fine and
imprisonment proportioned to the
amount Of deficiency or embezzle-
mcnt and the party convicted of
such felony shall be disqualified
from ever holding any office of
honor or emolument in this State:
Provided, Aowerer, That the Gene
raj Assembly, by two-third vote,
may remove the disability upon
payment, in full Of the principal
and interest of the sum embezzled.
Sec. Is. No debt contracted by
this State in behalf of the late rebel
lion, in whole Or in part, shall
ever be paid.
ARTICLE X.
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