The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1874-06-18
ARTICLE XI.
1IUNICIPAL CORPORATION

- MUNICIPAL CORPORATIONS
SECTION l. The general assembly
! shall provide, by general laws, for the
organization and classification of mu-
nicipal corporations. The number of
such classes shall not exceed six, and
| the powers of each class shall be de-
fined by general laws, so that no snch
corporations shall have any powers, or
! be subject to any restrictions other
than all corporations of the same class.
The general assembly shall restrict
the power of such corporations tolevy
taxes and assessments, borrow money
and contract debts, so as to prevent
! the abuse of such power. aa
Sec. 2. No municipal corporation
shall loan its credit to any person or
corporation, except as may be other
wise provided in this constitution.
Sec. 3. No assessments shall belev-
led by a municipal corporation upon
any property, which shall require the
payment in one year of more than ten
per centum of its value, as ascertained
by the tax duplicate, nor shall the ag-
gregate of such assessments, in any
period of ten years. exceed fifty per
centum of the highest taxable valua-
tion of fsuch property during the same
period.
SEC. 4. The indebtedness of a mu-
nicipal corporation shall never exceed
in the aggregate five per centum of
the value of the property within such
corporation, as ascertained from time
to time by the tax duplicate thereof,
without the consent, first obtained, to
such increase of indebtedness, and the
approval of the objects for which the
same is to be created, of at least three
fourths of all the electors of such cor
poration, to be ascertained in the mode
prescribed by law and in no case shall
such Indebtedness exceed ten. per
centum of said taxable value. In as
certaining such Indebtedness, there
shall be included an amount which, at
the rate of six per centum per annum,
will produce a sum equal to the aggre
gate annual rents payable by such cor
poration, This section shall not be con-
strued to prevent municipal corpora
fions from incurring Indebtedness nec-
essary for military purposes in time of
war, or for the completion of any
work authorized by law and hereto
fore undertaken; nor, until the first
valuation of real estate for taxation
hereafter made, to prevent the borrow
ing of money in anticipation of the
collection of assessments actually lev
led. a1 Haa
SEC. 5. Except as otherwise provi-
ded in this constitution, no tax or as
sessment shall be levied or collected,
or debt contracted by municipal cor
poration, except in pursuance of law
for public purposes, specified by law;
nor shall money raised by taxation,
loan or assessment, for one purpose,
ever be diverted to another. .a ai
SEC 6. No property shall be ap-
propriated to the use of municipal
corporation, until compensation there-
for be first made in money, or first
secured by deposit of money, to be
assessed in the mannerand by the rule
prescribed in section nineteen of the
bill of rights.
ARTICLE XII.
PRIVATE CORPORATIONS.
SECTION L. The general assembly
shall pass no special act comforting
corporate powers.
SEc. .. Corporations may be form
cd under general laws, but such laws
NAV, from time to time, be altered or
repealed.
SEC. 3. Dues from corporations
shall be secured by such individual Ii
ability of the stockholders and other
means as may be prescribed by law;
| but, in all cases, each stakeholder shall
be liable over aud above the stock by
him or her owned, and any amount
unpaid thereon, TO q further sum, at
| least equal iu amount to such stock.
| SEC. 4. No property shall be ap-
propriatsd to the use of corporation
! until full compensation therefor be
/ first made in money, or first secured
| by y deposit of money to the owner,
irrespective of any benefit from any
Improvement proposed by such COR