The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-03-14
THE CONVENTION.
FIFTETH DAY.

| FHTETH DAY.
The convention is in the position OF an au'
thor. who. having reached the closing chapter
of his novel, devotes his final hours to the
gathering up of the tangled threads OF the
story. and. with amendatory touch, prepares
if for the public eve. New subjects of legisla'
tion are scarcely entertained, and since the
nominations have been made, and persona
popularity no longer depends on the success o.
peculiar measures, there is even disposition
to tone down and moderate what is objection.
able to degree, which shall render the entire
work, as far as it is possible to be so, accept
| able to the masses.
| The convention assembled at the usual hour.
| Genl Candy shortly arrived, and was presented
| to the body and was received with cheers.
The President read the following commune
| cation:
HEADQUARTERS U. s. ARMY,
WASHINGTON, D. c., March 9, 1868.
Hon. 4. G.. Mackey, President Of tbe Concen-
SR: General Grant directs me to acknowl-
edge the receipt of copy Of the resolutions
adopted by the Constitutional Convention OF
South Carolina and forwarded TO him by you.-
i
your obedient servant,
Brig. General ADAM BADEAU.
F. j. Moses, Jr., from the Committee on the
Executive Departm ent, reported the following
amendment to the second article, "He lthe
Governor) shall be elected at the first general
election held under this Constitution for men,
bers of the General Assembly and at each gen.
eral election thereafter, and shall be installed
during the first session Of said General Assem-
bly, after his election, on such day as shall be
provided by law" -
The amendment received its three readings
and was adopted as an integral part Of the
constitution.
The convention proceeded to the considera-
ton of the IXth Article OF the Constitution,
the third time and passed. 1t is as follows:
FINANCE AND TAXATION. :rl
SECTION /. The General Assembly shall PRO
vide by law for uniform and equal rate Of as
sessmeut and taxation, and shall prescribe such
regulations as shall secure just valuation for
taxation of all property, real, personal and pos
sessory, except mines and mining claims, the
proceeds Of which alone shall be taxed; and
also excepting such property as may be ex-
empted by law for municipal, educational, lite
erary, scientific, religious or charitable pur-
poses.
SEC. 2. The General Assembly may provide
annually for poll tax not to exceed one dol
lar on eacH poll, which shall be applied exclu-
sively to the public school fund. And no a6di-
tional poll tax shall be levied by any municipal
corporation.
SEC. 8. The General Assembly shall provide
for an annual tax sufficient to defray the esti-
mated expenses of the State for each year; and
whenever it shall happen that such ordinary
expenses of the State tor any year shall exceed
the income of the State for such year, the Ger-
eral Assembly shall provide for levying tax
for the ensuing year sufficient, with other
sources of income, to pay the deficiency of the
preceding year, together with the estimated
expenses of the ensuing year.
SEC. 1. No tax shall be levied Except in pur-
suance of law, which shall distinctly state
the Object ofthe same, to which object such
tax shall be applied.
SEC. 5. 1t shall be the duty of the General
Assembly to enact laws for the exemption from
taxation of all public schools, colleges, and in
stitutions Of learning, all charitable institu-
tions in the nature Of asylums for the lnhrm,
deaf and dumb, blind; idiotic and INDECENT
persons, all p,blic libraries, churches and
burying grounds; but property Of associa-
tions and societies, although connected with
charitable objects, shall not be exempted from
State, county or municipal taxation; ProUtded,
That this exemption shall not extend beyond
the buildings aud premises actually occupied
by such schools, colleges, institutions OF learn
grounds, although connected with charitable
objects.
SEC. G. The General Assembly shall provide
for the valuation and assessment OF all lads
and the improvements thereon prior to the as
sembling Of the General Assembly Of 1870, aud
thereafter on every fifth year.
Sec. 7. For the purpose of defraying eztraor-
binary expenditures, the State may contract
public debts; 1ut such debts shall be author
10 for CIR rrylQ n
tinctly specified therein; and no such law shall
take effect until it shau have been passed by
tho vote of two-thirds Of the members OF each
branch of the General Assembly, to be record
ed by yeas and nays on the journals Of each
House respectively; and every such law shall
levy tax annually sufficient to pay the annual
interest of such debt.
SEC. s. The corporate authorities of counties,
townships, school districts. cities, towns and
villages, may be vested with power to assess
aud collect taxes for corporate purposes; such
taxes to be uniform in respect to persons and
property within the jurisdiction of the body i'm
posing the same. And the General Assembly
shall require that all the property, except that
heretofore exempted within the limits Of NUM-
cipal corporations, shall be taxed for the pay.
ment of debts contracted under authority OF
law.
SEC. 9. The General Assembly shall provide
for the incorporation and organization OF cities
and towns, and shall restrict their powers OF
taxation, borrowing money, contracting debts,
and loanng their credit.
SEC. 10. No scrip, certificate, or other evl-
dence OF State Indebtedness, shall be issued,
except for the redemption Of stock, tonds, or
other evidences of indebtedness previously is-
sued, or for such debts rs are expressly author
| lied in this constitution.
SEC. H. An accurate statement Of the receipt
and expenditures of the public money shalt be
published with the laws of each regular ses-
sion of the General Assembly in such manner
as may, b. law, be directed.
SEC. u. No money shall be drawn from the
Treasury but in pursuance OF appropriation
made by law.
SEC. 10. The fiscal year shall commence on
the first day OF November in each year.
Sec. IA. Any debt contracted by the State
shall re by loan on State Bonds, of amounts
not less than fifty dollars each, on interest.
payable within twenty years after the final
passa ge of the law authorizing such debt. a
correct registry ofall such bonds shall be kept
by the Treasurer i'll numerical order, so as al
ways to exhibit the number and amount un-
paid, and to whom severally made payable.
Sc. 10. Suitable laws shall be passed BY the
General Assembly for the safe keeping, trans
fer and disbursement Of the Stale, county and
school funds, and all officers and other per-
sons charged with the same, shall keep an ac-
curate entry of each sum received, and Of
each payment and transfer; and shall give
such security for tho faithful discharge o1
such duties as the General Assembly may pro.
vide. And it shall be the duty of the General
b.