The Montgomery advertiser., 1901-09-01

e5f. No bank shall receive, directly or indirectly. greater rate of interest | than shall be allowed by law to indi- viduals for lending money. 252, Neither the State nor any po- litical subdivision thereof shall De a stockholder in any bank, nor shall the | credit of the State or any political sub | division thereof ever be given or lent to any banking company, association or |, corporation.
 253. The Legislature shall by appro- | priate laws provide for the examina. tion by some public officer. of all banks and banking institutions and trust companies engaged in a banking bust. ] ness in this State: and each of such banks and banking companies or insti- tutions shall. through its president or such other officer as the Legislature may designate. make a report under oath of its resources and liabilities at least twice a year..
 254. The provisions of this Article shall apply to all banks except to na- tionai banks, and to all trust compa- .nies and individuals doing banking business. whether incorporated or not. Mir. Beddow-I move the adoption of the Article. and upon that move the previous question.
 The President-The question is. shall the main question be now put. Upon vote being taken the main question was ordered.
 Mir. deGraffenreid--I was trying to call attention to the fact that the gen tleman from Marengo has an amend ment to offer which the Chairman of the Committee said the Committee wo1ld rot oppose.
 Mr. Fletnher-No, did not say that. said that I. personally, did not op- pose it.
 The Ppesident--The previous ques- ton has been ordered. and unless the Convention desires to recede from that then the Chair will submit the ques- tion on the adoption of the Article.
 Upon vote being taken, the Article was adopted.
 MT. Eyster-I will call attention to the fact that the resolution reported by the Committee on Rules moment ago, with reference to the payment of mileage to members, under the rules, I think, would have to be passed by an aye and no vote.
 The Presidential the opinion of the Chair, the Committee on Harmony would have been entitled to their mile age under the regular order of this Con vention, and it was merely limited by resolution passed by this Convention, and it seems to the Chair another reso- lution repeating that resolution would not have to be passed by an aye and no vote.
 MT. Eyster-But that Committee is expressly excluded from tine operation of that resolution.
 The President-Their general right to mileage exists under an ordinance which this Convention passed about a month ago extending the time of the Convention.
 Article XIV on Education was read as follows:
 ARTICLE XIV.
 Education.
 255. The Legislature shall establish, organize and maintain a liberal sys- tenn of public schools throughout the State for the benefit of the children thereof between the ages of seven and twenty-one years. The public school fund shall be apportioned to the sev- eral counties in proportion to the num- Der of children of school age therein, and shall be so apportioned to the schools in the districts or townships in the county as to provide, as nearly as practicable, school terms of equal du- ration in such school districts or town ships. Separate schools shall be pro- vided for white and colored children, and no child of either race shall be permitted to attend a school of the other race.
 256. The principal of all funds aris- ing from the sale or other disposition of lands or other property, which has been or may hereafter be granted or intrusted to this State or given by the United States for educational purposes shall be preserved inviolate and undi- minished; and the income arising there from shall be faithfully applied to the specific object of the original grants or appropriations.
 257. All lands or other property given by individuals, or appropriated by the State for educational purposes. and all estates of deceased persons who die without leaving a will or heir, shall be faithfully applied to the mainten- ance of the public schools.
 25S. All poll taxes collected in this State shall be applied to the support of the public schools in the respective counties where collected. 259 The income arising from the sixteenth section trust fund, the sur plus revenue fund. until 1t Is called for by the United States government, and the funds enumerated in Sections 20o and 257 of this Constitution, together with a special annual tax of thirty cents on each one hundred dollars or taxable property an tnlS SLaLe, WHICH the Legislature shall levy, shall be ap- piled to the support and maintenance of the public schools, and 1t shall be the duty of the Legislature to increase the public school fund from time to time, as necessity therefor and the con- dition of the treasury and the resources of the State may justify; provided. that nothing herein contained shall be so construed as to authorize the Legisla- ture to levy in any one year a greater rate of State taxation for all purposes, including schools, than sixty-five cents on each one hundred dollars worth of taxable property; and provided further, that nothing herein contained shall prevent the Legislature from first pro- viding for the payment of the bonded indebtedness of the State and interest thereon out of all the revenues of the State.
 26O. Not more than four per cent of all moneys raised, or which may here after be appropriated for the support of public schools. shall be used or ex- pended otherwise than for the payment of teachers employed in such schools; provided that the Legislature may, by a vote of two-thirds of each house, sus- pend the operation of this section.
 26l. The supervision of the public schools shall be vested in a Superin- tendent of Education, whose powers, duties and compensation shall be fixed by law.
 262. No money raised for the support of the public schools, shall be appro- priated to or used for the support of