The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1895-09-24

counties, school districts, cities, towns,
and Villages may be vested with power
70 assess and collect taxes for cOrpor-
ate purposes, such taxes to be uniform
in respect TO persons n property
within the jurisdiction OF the body inn
posing the same. And the General
Assembly shall require that all prop
empted, within the limits of municipal
corporations, shall be taxed for tie
payment of debt contracted under |
authority VI law. Any bonded debt
hereafter incurred by any county, |
municipal corporation or political
division OF this State shall ex-
coed eight per centum OF the assessed
value d the taxable property therein,
Sec. Z. The credit OF the State shall
not be pledged or loaned to any indi-
vidual, company, association or corpO-
ration, and theS State shall not become
q joint owner or stakeholder In any
company, association or corporation.
The General Assembly shall not have
power to delegate to any county or
township the right to levy tax 70: any
purposes except for educational pur-
poses, to build and repair public roads.
buildings and bridges, to maintain and
support prisoners, way jurors and
county officers and for litigation, quar-
antiue and expenses OF cou its, tosupport
paupers and pay debts heretofore exist
Ing.
Sec. 8. The property or credit OF any
county, city, town, township. school
district or other subdivision of the
State or any public money from what
ever source derived, shall not, by. gift,
donation, loan, contract, appropriation
or otherwise, be used, directly or indi-
rectly, In aid or maintenance OF any
college, school, orphan house or other
institution, society or organization Of
whatever kind, which Is wholly or in
part under the direction or control Of
any church, or of any religious or sec
tartan denomination, society or organi-
cation.
Sec. 8. The General Assembly shall
provide for the incorporation and or
g~anization of cities and towns, and
shall restrict their powers Of taxation,
borrowing money, contracting debts
and lOaning their credit.
Sec. 10. No scrip, certificate or other
evidence of State Indebtedness shall be
issued except for the redemption OF
stock, bonds or other evidences of in.
debtedness previously issued. or for
such debts as are expressly authorized
in this constitution.
Sec. IL. An accurate statement of the
receipts and expenditures of the public
money shall be published, with the
laws OF each regular session of the
General Assembly, in such manner a.
may by law be directed.
SEQ. IL. No money shall be drawn
from the treasury but in pursuance OF
appropriation made by law.
Sec. Ii. The fiscal year shall com.
mence on the first day of November In
each year.
Sec. Id. To the end that the public
debt of South Carolina may not here.
matter be incurred without the due
consideration and free consent of the
people of the State, the General AS.
sembly Is hereby forbidden t. create
any further debt or obligation, either
by the loan Il tho credit of the State, b.,
!, guaranty, endor sement or otherwise
, except Tor the ordinary and currren,
expenses of the State, without frs
3 submitting the question as to the crea
> ton of such new debt, guaranty, en-
dorsement, OF o Of it's credit to the
/, people OF this State at a general State
election and unless twO-thirds of The
qualified voter, of this State. voting or
} t he question, shall be in favor OF
! further debt, guaranty, endorsement Of
' loan of it's credit, none shall be created
or made. And any debt contracted b,
{ the State shall be by loan ON Stat,
Z bonds, of amounts not less than lift,
dollars, each bearing interest payable
within twenty years after the final pas
: sage OF the law authorizing such debt
4 a correct registry of all such bond
4 shall be kept by the treasurer In nu
merical order, 81 as to always exhibi
g the numer and amount unpaid, and t,
t whom s~everally made payable. An,
t General Assembly shall levy an an
nual tax sufficient to pay the annua
. interest on said bonds.
Sec. 10. Suitable loans shall be pass
ed by the General Assembly for tn,
n sa~fe-keeping, transfer Aul disburse
ment OF the State and county schoo
funds and all officers and other person
Charged with the same shall keep al
accurate entry of each sum received
and as each payment and transfer, ant
shall give such security for the faith
General Assembly may provide. AM
1T shall be the duty of the General AS
sembly to pass laws making embezzle
|. ment OF such funds q felony, punish
able by fine n imprisonment. pro
portloned to the amount of the de.
hc1ency or embezzlement and the party
convicted of such felony shall be dis,
: qualified from eve holding any office
OF honor or emOlument in this State
provided, however, that the General
Assembly by q twO-thirds vote, may
remove the disability upon payments in
full Of the principal and interest of the
sum embezzled.
Sec. l6. No debt contracted by this
State In behalf of the late civil war In
whole or in part shall aver be paid.
Il, Sec. IL. To the END that there shall
be but one annuAl valuation of proper
ty for taxation the General Assembly
shall provide by law for the assessing
and collection of all county, township,
scqool district and municipal taxes on
the valuation of property for State
taxes.