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Page 27 - The Legislature may also borrow money to repel invasion, suppress insurrection, or defend the State in time of war ; but the money thus raised shall be applied exclusively to the object for which the loan was authorized, or to the repayment of the debt thereby created.
Page 28 - The money which shall be paid by persons as an equivalent for exemption from military duty, and the clear proceeds of all fines collected in the several counties for any breach of the penal laws, shall be exclusively applied, in the several counties in which...
Page 27 - The General Assembly shall provide by law for taxing the notes and bills discounted or purchased, moneys loaned, and all other property, effects or dues, of every description, without deduction, of all banks now existing, or hereafter created, and of all bankers, so that all property employed in banking shall always bear a burden of taxation equal to that imposed on the property of individuals.
Page 45 - That before any land granted by this act shall be conveyed; to any company or party entitled thereto under this act, there shall first be paid into the treasury of the United States, the cost of surveying, selecting, and conveying the same, by the said company or party in interest...
Page 26 - The legislature shall provide for a uniform and equal rate of assessment and taxation; but all property used exclusively for state, county, municipal, literary, educational, scientific, religious, benevolent and charitable purposes, and personal property to the amount of at least two hundred dollars for each family, shall be exempted from taxation.
Page 27 - For the purpose of defraying extraordinary expenses and making public improvements, the state may contract public debts; but such debts shall never, in the aggregate, exceed one million dollars, except as hereinafter provided. Every such debt shall be authorized by law for some purpose specified therein, and the vote of a majority of all the members elected to each house, to be taken by the yeas and nays...
Page 27 - No tax shall be levied except in pursuance of a law which shall distinctly state the object of the same, to which object only such tax shall be applied.
Page 29 - The school lands shall not be sold unless such sale shall be authorized by a vote of the people at a general election; but subject to revaluation every five years, they may be leased for any number of years not exceeding twenty-five, at a rate established by law.
Page 26 - the legislature shall provide for a uniform and equal rate of assessment and taxation, but all property used exclusively for State, county, municipal, literary, educational, scientific, religious, benevolent and charitable purposes, and personal property to the amount of at least $200 for each family, shall be exempted from taxation.