The Highland weekly news. [volume] (Hillsborough [Hillsboro], Highland County, Ohio) 1853-1886, 1874-06-04
(WhOle No. 1884.

classes the powers of each class to be defined as to
ieyies Of tax assessments, loans and power to
tract debts.
No assessments in any corporation exceeding ten
per cen OF the taxable value of the property there
IN, shall be levied in any one year. nor more than
hfty per cent. in any ten years.
Inc Indebtedness of any municipal corporation
SNAIL never exceed five per cent of the taxable value
of the property within its limits without the consent
OF threetourhs of the qualified electors and their
approval OF the object for which the Indebtedness
Is created but IN no shall the taxation exceed
ten per cent. of the value of such property.
RAILROADS
The following new restrictions on railroads are
proposed:
''SEc. 9. No officer or agent of any company own
ing operating or using railroad in this State shall
be Interested directly or indirectly either by him
sen or associated with others, in the receipts, con-
tracts or earnings of such company, otherwise than
as an ordinary shipper or passenger or as a stock
holder, creditor or EMPLOYEE: nor in any arrange
ment which shsll afford more advantageous terms or
Feater facilities than are offered and awarded to
TIE public; and all contracts and arrangements in
vOh. ''-'- '-''---
.sSEo 10. no railroad company shall consolidate
with another having line parallel competing
WIN - owns OF lease, purchase or control such
OF arztlr6sa company shall act
az an ofncer OF any other company owning or con-
Folnng parallel orcompeting line; and no railroad
company shall do business in this State which
snares It's earnings, in any manner, with a company
owning OF controlling parallel or competing line
Section II provides that 70 foreign CORPORATION
shall carry on the business Of transporting persons
or property or of telegraphing, mining, manufac-
turing or insurance in this State, except while it
maintains therein an Office, where or, on the per-
son in charge of which, process may be, served in
any action or legal proceedings instituted AGAINST it.
'SEo. 13. No corporation shall Issue stocks or
bonds, except for money actually received lAbor
done and all llhctnous increase of stock or indebted
ness shall be void. The stock and bonded indebted
ness of corporations shall not be increased, except
In pursuance OF general law; nor until the consent
of the persons holding the larger amount in value
of the stock shall be obtained, at q meeting held
after notice given, for period not less than sixty
days, in pursuance of law.
"SEC. II. Persons and property Transported over
any railroad, shall be carried to any station at
charges not exceeding in gross the charges for
the same class and amount of TRANSPORTATION of per
sons and property in the same direction, to any
more distant station; but excursion and cOmmuta-
ton tickets may be issued at special rates."
REVENUE AND TAXATION.
For the provision of the old Constitution that
claws shall be passed taxing, by uniform rule ali
moneys, investments in bonds, Stocks" etc. the
following substitute is proposed By way of enabling
the General Assembly TO frame rules of appraise.
ment which shall recognize a distinction between
different kinds of property:
claws shall be passed taxing, by uniform rate,
all real and personal property according to its value
in money, to be ascertained by such rules of ap-
praisement may be prescribed by the General AS
sembly, so that all property shall bear equal pro
portion of the burdens of taxation; provided, that
the deduction of debts from credits may be anthor-
led"
Section 5 taxes the income from investments. as
for instance Government bonds, when the principal
cannot be reached.
Provision is made for the taxation of banks bv
rules based upon capital employed and business
done.
The General Assembly is authorized to pass re-
strictive measures in regard to the keeping harbor
ing and running at large of dogs.
a Representative in the General Assembly is
given to each county regardless of population.
The system of cumulative voting is applied to the
counties of Hamilton and CuyahOga
All State and county officers are forbidden to ac-
cept railway passes.
The General Assembly is required to legislate for
the protection of the lives and health of miners
Three-ffths instead OF two-thirds of the General
Assembly shall be necessary to call Convention to
revise, amend or change the Constitution submit
ted.
The Schedule provides for the appointment of
commission to revise and rearrange the statutes of
the State, if the new Constitution is adopted, and
for the submission, separate propositions of the
questions Of minority representation, railroad aid
and license.