Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-01-23

supreme court, 0ereln prOVlueu IOT'
l. The present Judges of the Circuit,
" Chancery and other inferior courts, shall
hold their Offices until their successors are
d elected under this schedule.
The elections for Judges of said infe-
= rior courts shall be held on the - day of
/ -, 1870, by the Sheriffs of the several
s counties in the manner prescribed by the
:. Code.
: MINORITY REPORT.
: Mr.. Staley submitted minority report,
e dissenting from certain changes proposed
: by the majority, and proposing others.
r On motion of Mr.. McDougal, 100
= copies of these reports-the majority and
t minority-were ordered printed for the
use of the Convention.
Mr.. Porter, of Henry, as a member of
the committee reporting, stated that he
did not give his assent to the report sub
mitted by the majority ; and that he
would give his reasons for dissenting at
the proper time.
Messrs. Baxter and Sample made SINH
lar statements
FINANCE AND CORPORATIONS.
Mr.. Gardner, from the Committee on
Finance, Internal Improvements and Cor
porations, submitted the following report,
desiring to say to the members of that
committee. that he thanks them for their
patience of investigations, the clearness
and force of their reasonings, the harmo-
ny maintained in their deliberations, and
the unanimity of their conclusions:
Mr.. President: The Committee on FL
nance, Internal improvements and Corpo-
ratiOns, having had under consideration
the subjects referred to them, instruct me
to report the following amendments, and |
recommend their adoption by the Conven-
| ton:
CORPORATIONS.
Strike out the proviso at the end of sec
| ton 7, article II, and insert the following: |
''NO corporation shall be created by spe- |
| Cial laws, but the General Assembly shall |
| provide by general laws for the organiza-
ton of all corporations hereafter created, |
which laws may at any time be altered or
repealed.
TAXATION.
Strike out the 2Sth section of the second
article and insert the following: GAN
property, real, personal or mixed, shall be
taxed, except such as may be held by the
State, by counties, cities or towns, and
used for public or corporation purposes,
and such as may be held for purposes
purely religious, charitable, scientific,
literary or educational, and except one
thousand dollars worth of personal pro-
perty in the hands of each taxpayer, and
the direct product of the soil in the hands
of the producer.
All property shall be taxed according
to its value, that value to be ascertained in |
such manner as the Legislature shall direct,
so that the same shall be equal and uniform
throughout the State. No one species of |
property from which tax may be col
lected shall be taxed higher than any
other species of property of the same
value
Capital invested in the buying and sell
ing of merchandise shall be estimated at |
the highest value of the stock of mer-
chandise on hand at any one period of the |
year preceding its assessment and mer-
chants shall pay, in addition to an ad
UdtOrenl tax thereupOn, specific tax,
which shall not exceed five hundred dol
lars per annum, to be graduated as the
Legislature shall direct; but peddlers and
privileges may be taxed in such manner
as may from time to time be prescribed by
law
The Legislature shall have power to
levy a special tax upon incomes derived |
from stocks and bonds exempted by
the laws of the United States from taxa
ton.
All male citizens of this State, over the
age of twenty-One years, shall be liable to
a poll tax of not less than one nor more
than five dollars per annum, until such
age may be fixed by law.
INTEREST.
Strike out section 6, article II, and in
sert the following: 6
"The legal rate of interest in this State s
shall be six per cent per annum;
but the Legislature shall have power to I
provide by law for a conventional rate of t
interest" II
All of which is respectfully submit
ted. JOHN A. GARDNER.
Chairman.
EXECUTIVE VETO. I
The Convention now took up the 7
special order, the consideration of the
amendment of Mr.. House, of Mont
gomery, giving to the Governor the veto
power, and proposed in lieu of section 4, !:
article III, Executive Department, of the
present Constitution, which was read as
reported in this paper yesterday, as fol
lows:
Strike out and insert:
Every bill which may pass both Houses |
of the General Assembly SHALL before it -,
becomes a law, be presented to the Gov !!
ernor for his signature If he approves,
he shall sign it, and the same shall become
a law; but if be refuse to sign 1t, he
shall return it with his objection thereto,
in writing, to the house in which it orig |
mated; and said house shall cause said
objections to be entered at large upon
their journals, and proceed to reconsider
the bill If, after such reconsideration, a /.
of all the members elect
ed to that house shall agree to
pass the bill, notwithstanding the OBJ {
jections Of the Executive, it shall :
be sent, with said objections, to the other Il
house, by which it shall be likewise 1e- a
considered. If approved by a majority
of the whole number elected to that
house, il shall become law. The votes
of both houses shall be determined by q
yeas and nays, and the names of all the L
voting for or against the bill p
shall be entered upon the journals of their v
respective uOuSCS. Ii llle NTONGTIOT Snail |
fail to return any bill with his objections a
within five days Sundays exccpted) after o
it shall have been presented to him, the "
same shall become a law without his sig II
nature, unless the General Assembly, by d
their adjournment, prevent its return, in Il
which case it shall not become a law.
Every joint resolution or order Except u
on questions Of adjournmenD shall like /
wise be presented to the Governor for his 81
signature, and before it shall take effect
shall receive his signature and on being 81
by him shall, in like manner, N
be returned with his objections; and the n
same, before it shall take effect, shall be lie
repassed by a majority of all the mem fl
bers elected to both houses, in the man. 81
ner and according to the rules prescribed | lie
in case of bill. ~
Mr.. Porter, of Haywood, submitted an | e:
in lieu of Mr.. Houses amend it
ment, proposing veto of more extended al
a majority of two al
thirds of the General Assembly to over Ia
come it. "
Mr.. House, of Montgomery, took the 81
floor, and stated the substantial difference | "
between his amendment and that of the W
gentleman from Haywood; that gentle cl
mans amendment requiring that bills We fC
.oed by the Governor shall be passed by | T
Lwo-thirds of the General Assembly to 81
1a,,r. 1