Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1886-08-11


fees, percentage. or allow
Ances 81 public officers during the
lerm for which said officers are cleo
"a u appointed; changing the law
0f descent; granting to any corpora
ton, association, or individual the
right "a lay down railroad tracks, or
amending existing charters for such
purpose; granting to any corpora
ton, association, Or individual any
special Of exclusive privilege. immu-
nifty or franchise whatever; in all
other cases where q general law can
DO made applicable, no special law
shall b enacted in any Of the terri
tories OF the United States by the
territorial legislatures thereof.
SEC. 2. That no territory Of the
United States now or hereafter to be
organized, or any political or munic-
ipal corporation or subdivision OF
any such territory, shall hereafter
make any subscription to the capi-
tai stock Of any Incorporated COM
pany, or company or association
having corporate powers, or in man.
ner loan its credit to or use it for
the benefit of any such company or
association, or borrow any money
for the use Of any such company or
association.
SEC. 3. That no law of any terri
torial legislature shall authorize any
debt to be contracted by or on be-
half Of such territory except in the
following cases; To meet a casual
deficit in the revenues, to pay the
interest upon the territorial debt, to
suppress insurrections, or TO pro-
vide for the public defense. Except
that in addition to any Indebtedness
created for such purposes,the legisla-
ture may authorize a loan for the
erection Of penal. charitable or edu-
cational institutions for such terrific
~ If the total indebtedness of the
territory is not thereby made to ex-
coed one per cent upon the assessed
value Of taxable property in such
territory as shown by the last gener.
al assessment for taxation, and moth.
ing in this act shall be construed to
prohibit the refunding of any exist.
ing Indebtedness of such territory
or Of any political or municipal cor
poration, county or subdivision
therein.
Sec. 4. That no POLITICAL OF
municipal corporation, county or 9th
er subdivisions in any of the terri
tories of the United States shall evel
become indebted in any manner OF
for any purpose to any amount il
the aggregate, including existing
Indebtedness, exceeding fou
centum on the value Of the tax
able property within such corpora.
ton, county, or subdivision, to b.
ascertained by the last assessment
tor territorial and county taxes pre-
vious to the mourning of such in
debtedness; and all bonds or obi
cations in excess of such amour
given by such corporation shall b.
void, That nothing in that act con
tanned shall be SO construed as t,
affect the validity of any act of an,
territorial legislature heretofore en-
acted, or Of any obligation existin,
| or contracts Hereunder, nor to pre-
clude the issuing Of bonds already
| contracted for in pursuance of ex
| press provisions Of law, nor to pre-
vent any territorial legislation from
legalizing the acts Of any county
| municipal corporation ofsubdiyisiol
of any territory as to any bond
Be issued.
Sec. 8. That section eighteen hun
dred and eighty nine, title twenty
three, of the Revised Statutes of tn
United States be amended to read a
follows: 1.-THE legislative assemble
of the several territories shall no
grant private charters or specia
privileges, but they may. by genera
incorporation acts, permit persons I
associate themselves together a
bodies corporate for mining, manu-
featuring and other industrial pun
suits, and for conducting the bust
| ness Of insurance, banks of discoun
and diposit (but not Of issue,) loan
trust, and guaranty associations
and for the construction or opera
ton Of railroads, wagon-roads, irri
eating bitches, and the colonization
and improvement Of lands in con
nection Herewith, or for colleges
seminaries, churches, libraries, O
any other benevolent. charitable, o
scientific associations"
Sec. 6. That nothing in this &C
contained shall be construed t,
abridge the power Of congress t,
annul any law passed by territor
ial legislature, or to modify any ex
listing law requiring in any case tina
the laws Of any territory shall b,
submitted to congress.
Sc. Z That all acts and parts 0
acts hereafter passed by any terri
torial Legislature in conflict with TIN
provisions Of this act shall be null
and void.
Sec. 8. Amend the title so as t,
read: IAN act to prohibit the pas
sage Of local or special laws in the
territories of the United States, t.
limit territorial Indebtedness, ant
for other purposes"
SUICIDE. "A young man by The