The Montgomery advertiser., 1901-06-11

 , cation or Taxation. The President-To what Committee does the gentleman wish it referred? :? | He is not aware of the contents of the ordinance. | MT Oates-I have just stated, while do not think it helongs to the Com mittee on Legislation. it may be prop erly referred to either Taxation or Edu- cation.
 The Ordinance. No. 341. was referred | to the Committee on Taxation. Ordinance No. 35S. by MT. ONeill of Jefferson:
 Be it ordained by the people of Ala bama. in Convention assembled: That Municipalities shall take State and County valuation of personal prop erty as we'll as real estate. Referred to Committee on Taxation. Ordinance No. 359, by MT. O'Neill of Jefferson:
 Be it ordained by the people of Ala bama in Convention assembled: Article V of the Constitution be so amended as to provide for State Board of Equalization to consist of five men to be elected by the people to equalize taxes of the State. Referred to Committee on Executive Department.
 Ordinance No. ses. by MT. J. W. A. Sanford:
 An Ordinance to Prohibit the Owner ship of Real Estate by Persons Owing Allegiance to Foreign Governments. Be 1t ordained by the people of Ala bama in Convention assembled: That no nerson who owes allegiance to any foreign power. potentate or government, shall be permitted to pur- chase, hold, inherit or own any real es- tate in the State of Alabama. Referred to Committee on Legislat- i've Department. Ordinance No. Ss1, by MT. Mac. A. Smith.
 Be 1t ordained by the people of Ala bama in Convention assembled: That Section 25. Article VI of the Constitution of said State be amended so as to read as follows, to-wit: ,t
 A solicitor for each Judicial Circuit shall be elected by the qualified elect ors of each circuit, who shall be learn ed in the law, and who shall, at the time of his election and during his con- tinuance in office, reside in the circuit for which he is chosen, and whose term of office shall be for four years.
 The General Assembly, at the first session thereof after the ratification of this Constitution shall provide by law for the election of solicitor for each Judicial Circuit of the State, whose term of office shall begin on the ex- piration or the term of the present soli- citor in each circuit; Provided, that the General Assembly may when necessary provide for the election or appointment of county solicitors.
 Referred to Judiciary Committee.
 Ordinance No. 362. by MT. Watts:
 To Amend Section s of Article XIV:
 Be it ordained that Section 8 of Article XIV be amended by adding but after the ratification of this Con- stitution. no corporation shall be formed unless before organization three fourths of the capital stock shall be subscribed for in good faith and the stock subecribei for be paid up in full before organization.
 Referred to Committee on Corpora tions.
 Ordinance No. ssS, by MT. Williams (Marengo):
 Relates to Exemptions from Taxa tion.
 Be it ordained that all property up to the value of $1.00o shall be exempt from taxation to the widows of Con- federate soldiers.
 Referred to the Committee on Taxa tion.
 Resolution No. 142. by MT. Williams (Marengo):
 Resolved that the Convention does sympathize with the Gallery in its bit ter disappointment in not enjoying cer- tain speech making at this days ses- sion.
 The PresidentlThe resolution is out of order
 MT. Oates-I was called out and was not here to respond to my name. de- sire to offer two ordinances.
 Ordinance No. 364. by MT. Oates:
 An Ordinance to Prevent an Increase of the State Debt and to Regulate Temporary Loans.
 Be it ordained by the people of Ala bama in Convention assembled:
 That after the ratification of this Constitution no new debt shall be created against or incurred by this State or it's authority. except to repel invasion or suppress instruction, and then only by concurrence of two-thirds of each house of the Legislature, and the vote shall be taken by yeas and nays and shall be entered on the Jour- nals; provided that the Governor may be authorized to negotiate temporary loans to meet deficiencies in the Treas ury, but never to exceed $200,000, and until the same is paid no new loan shall be negotiated.
 Referred to Committee on Taxation.
 Ordinance No. 365, by Mir Oates:
 
 ed Debt of the State. and for Improv- ing the Capitol Building and Grounds.
 Whereas, The total bonded debt of the State is $9 357, ,600 all of which natures July 1st. 1908. except $954.000, which bears 4 per cent. interest, and does not mature till 1920, and whereas, all the aforesaid bonded lebt maturing in 1906 bears per cent. interest, except the class C bonds of $966, 900, which bear per cent, and
 Whereas. it Is perfectly practicable | and desirable to refund all of these | bonds first maturing with State bonds | bearing a much lower rate of interest; therefore.
 Be it ordained by the people of Ala | bama, in Convention assembled:
 Sec. That the bonded debt of the | State shall never, on any account. ex- | ceed in the aggregate $9,500.000.
 Sec. 2.-That the Legislature may | authorize the Governor to issue bonds | of the State of Alabama to the aggre- | gate amount of $S, 40S, 500. to mature 50 | years after date. and to bear not more | than per cent per annum, and as | much less S practicable, the said bonds | to be used solely and exclusively in ex- change or substitution as the Legis- | lature may direct. for the outstanding | bonds of the State denominated as | Class A. Class B, and Class c bonds.
 Sec. S.-The Legislature. at it's first | session after the ratification of this | Constitution. shall empower and direct | the Governor to issue and sell to the | best bidder $42 400 or as much addition al as may be necessary of State bonds, | to mature 50 years after date, and to |