Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1872-09-05
AMENDMENT.

AN En- DhENI.
Strike out from the Constitution of the..Sta tie
OF Virginia the clause . in reference to usury
which Is in these words.
.Isrhy HIM. debts h.raaftar enntra.t~d i.
SEA il be lawful to receive any rate Q Gin terest
NOT e1es<o'ag twelTeper centum per. annum
when may be agreed upon BY the parties and
be specified in the bond note, or otter ritir g
ev idencisg the debt. When there is no such
agreement the rate Interest sha I'll be six per
cen Nm per ancum for the Sc and iorbearance
of every hundred dollars.
AN ACT TO PROVIDE FOR SUBMISSION
to THE PEOPLE OF THE PROPOSED
AMENDMENT TO THE CONSTITUTION
OF VIRGINIA In RELATION TO THE
CLAUSE IN RESPECT TO AND ENTI-
tiled ''USUR1.' In force March 8; 1872.
/. Be il enacted by the Genera! Assembly
That it SD all oe the duty ofthe officers conduct
ing the election directed by lsw to be held on
the fourth Thur sday in May next, at the ria
ces aspoi ted for holding the same. tc open q
poll to take the sense ftha qua lifad tiers OF
this Commonwealth upon the ratification or re-
lection OF the amendment to the Consti tuition o i
firg in ia III elatiun to the clause in respect to
an entitled usury, and directing submission
o fsaid proposed amendment to the people tor
their approval and ratification, in force Janu-
AIRY twenty second, eigh teen hundred and sew
enty-two-yiZ., Strike out from the Con stitu ton
of the State G ~ irginis the C anse in reference
to usury, " hich is in the blowing words:
"UsURY.
"Upon'debts hereafter contracted it shall he
law lul to receive any rate of interest not ey-
eeedlng twelve per centum per annum which
may De agreed upon by the parties and be
specified in the bond, note, or o Their wr iii. o
eYidenciug the debt. When there is no such
agreement the late o interest shall be six per
cehsum per annum for the use and iorbear an re
OF every hundred dollars
z. At such election each of said voters. who
shall approve said amendment shall de osit n
ticket or ballot on which shall be VIZ itten or
prInt.d the words "For str1k ino ou1 tho II snrv
clause in the Constitution" and each of So id
voters who shall be opposed to said amend me At
| shall deposit ticket or ballot on which sba II
be written or printed the words rsAgainst
stiIklng out the usury clause in the Cons titu-
ton.'
8. That Immediately after CLOSING the rolls the
said of1cers shall count the ballots deposited at
said cleo ton for and against said PROMISED
amendment, and shall make return thereof at
the time and in the manner prov ided bv law. as
~ tne case OF other e lee tons and it shall be
the DUTY OF the clerks and comm issioner nj
election OF each county respectively to make
out certify, and forward an abstract of the
votes cast for and against said proposed amend
ment In the manner now prescribed BY law in
| relation to votes cast in general elections.
4. 1t shall be the duty of the Secretary of the
commonwealth and o the State Boa, Of Can
Vessers to open and canvass the said abstract Of
returns, ana TO examine and make stateme nt
D! tne Wnoie number of votes given at said
election for SAID proposed amendment, and
against said proposed amendment, respec tively
In the manner now prescribed by law in re-
lahon to votes cast in general elections; and it
shall be the duty Of the Score ary of the Com
monwealth to record said certified statement ia
his cfhce, and without delay to make out and
transmit to the Governor of the Commonwealth
an official copy of said statement, certified by
him under his seal of Office
z. The Governor shall, without DELAY, make
proclamation of the res suit, stating therein the
aggregate vote for and agains the amendment,
| to be published in such newspapers in the
State as may BIZ deemed requisite for general
rntorma ton; and if a majority OF said votes be
east for the ratification ofthe sa i'd amendment
be shall annex to his proclam alton a copy there
OF, together with copy ofth is act
.. The Secretary of the Commonwealth shall
eauseito be sent to the clerks of each county and
corporation as many copies of this act and Of
the resolutions fore said as there are places OF
voting therein; and it shall be the duty of said
clerks to deliver the same to the she riffs for
distribution, whose duty shall be fortaw it'll
to post the said copies al. some pub lie place in
each election district.
=. The expenses incurred in conducting thi
election shall be detrayedas in the case Of the
election ofmembers to the Genei al Assembly
s.This acts shall. be IN force from, its ps sage
aug. DIT.