Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1868-05-05
NUMBER XXXV.

| Otdte 10 suppress lnSurrectl0n repel invasion OF
defend the State in time of war;
| Sec. 8. The General Assembly shall provide
by law sinking fund.- to be applied solely to
the payment and extinguishment of the princi.
pal OF the State debt, which sinking fund shall
oe continued until the extinguishment of such
State debt and every law hereafter enacted by
| the General Assembly creating debt or author
lzDg loan shall provide sinking fund for the
payment of the same.
| Sec g. The unfunded debt shall not be funded
Or redeemed at value exceeding that establish
ed by law at the time said debt was contracted,
| nor shall any discrimination hereafter be made
| IN paying the interest on State bonds which
shall give higher actual value to bonds held in
foreign countries over the same class of bonds
held in this country.
Sec. TO- No money shall be paid out of the
State Treasury, except in pursuance of appro-
priatlons made by law and no appropriation
shall ever be made for the payment of any debt
or obligation created in the name of the State
OF Virginia by the usurped and pretended State
authorities assembled at Richmond during the
late war and no county, city or corporation shall
levy or collect any tax for the payment of any
debt created for the purpose of aiding any re-
DellIon against the State or against the United
States
Sec. II. On the passage of every act which
imposes, continues, or revives any appropriation
OF public or trust money, or property, or re-
leases, discharged, or cOmmutes any claim or
demand OF the State, the vote shall be determ-
lned by ayes and noes, and the names of the
persons voting for and against the same shall
be entered on the journals of the respective
Houses, and a majority of all the members elect
I'd to each House shall be necessary to give it
the force of law.
Sec. II. The credit of the State shall not be
granted to Or in aid of any person, association
or corporation.
Sec. l3. No scrip, certificate, or other eyi-
dence of State Indebtedness, shall be issued cx-
cept for the redemption OF stock previously is
sued, or for such debts are expressly authoriz-
I'd in this Constitution.
Sec. IA. The State shall not subscribe to or
become interested in the stock of any company,
association, or corporation.
Sec. Is. The State shall not be party to or
become interested in any work Of internal i'm
provement, nor engage IN carrying on any such
work otherwise than in the expenditure of grants
to the State of land or other property.
Is. Every law which imposes continues, or
revives tax, shall distinctly state the tax and
the object to which it is to be be applied, and
it shall not be sufficient to refer to any other
law to fix such tax or object.
Sec II. The State shall not assume any in
debtedness of county, borough, or city, nor
Sec 1S. A full account of the State indebt-
edness, and an accurate statement of receipts
and expenditures of the public money, shall be
attached to and published with its laws passed
at every regular session of the General Assem-
bly,.
Sec 49, The General Assembly shall provide
by law for adjusting with the State of West
Virginia the proportion of the public debt of
Virginia proper to be borne by the States of
o,1 elon i
that such sum as shall be received from West
Virginia shall be applied to the payment of the
public debt of the State.
Sec. 20. No other or greater amount of tax
or revenue shall at any time be levied than may
be required tor the necessary expenses OF the
government, or to pay the existing indebtedness
Of the State.
Sec. 2I The liability to the State of any in
corpOraed company or institution to redeem
The principal and pay the interest of any loan
heretofore made by the State to such company
ed.
GENERAL PROVISION.
Sec % Unon debts hereafter contracted it
shall be lawful to receive any rate of interest
not exceeding twelve per cent per annum, which
may be agreed upon by the parties and be
specified In the bond, note, or other writing evi-
dencing the debt When there is no such
agreement, the rate of interest shall be six per
centum per annum for the use of every hun
dred dollars.
ARTICLE XI.
Sec l. Every householder or head of fami-
ly shall be entitled, in addition to the articles
now exempt from levy or distress for rent, to
hold exempt from levy, seizure, garnisheeing,
or sale, under any execution, order or other
process issued on any demand for any debt here
tofore or hereafter contracted. his real and per-
sonal property, or either, including money and
debts due him. whether heretofore or hereafter
acquired or contracted, to the value of not ex-
ceeding So, 200, to be selected by him Prorid-
ed, That such exemption shall not extend to
any execution, order, or other process issued on
any demand, in the following cases:
l. For the purchase price of said property,
or any part thereof
2. For services rendered by laboring person
or mechanic.
g. For liabilities incurred by any public officer,
or officer of court, any fiduciary, or any at
torney at law, for money collected.
4. For a lawful claim for any taxes, levies, or
assessments, accruing after the day Of,
1866.
s. For rent hereafter accruing.
6. For the legal or taxable fees of any public
officer, or officer of court, hereafter accruing.
Sec. 2. The foregoing section shall not be
construed as subiecting the property hereby ex-
empted, or any portion thereof, to any lien by
reason of any execution levied on property
which has been subsequently restored to the
defendant, or judgment rendered, or docketed,
on and after the 18th day of April, 1861, and
before the I'd day of March, 1867. for any debt
contracted previous to the 4th day of April,
1865, except debts of the character mentioned
in either of the above six exceptions
Sec. 3. Nothing contained in this article shall
be construed to interfere with the sale of the
property aforesaid, or any portion thereof, by
virtue of any mortgage, deed of trust, pledge or
other security thereon.
Sec 4. The General Assembly is hereby pro-
| hibited from passing any law saying the collec-
tion OF debts commonly known as stay laws;'
any such law now existing is hereby repealed
But this section shall not be construed as pro-
hibiting any legislation which the General AS
scmbly may deem necessary to fully carry out
| the provisions of this article
| Sec s. The General Assembly shall, at its
first session under this Constitution, prescribe
| in what manner and on what condition the said
householder or head of family shall hereafter set
apart and hold for himself and family home
stead out ofany property hereby exempted ; and
may, in its discretion, determine in what man.
| ner and conditions he may thereafter hold, for
the benefit of himself and family, such personal
property as he may have, and coming within
the exemption hereby made. But this section
| shall not be construct as authorizing the Cen
eral Assembly to defeat or impair the ten fits
L Il 4 L., eraxrn rG