shall have no power to contract any new
debt or pecuniary obligation in behalf of the State, except to supply a
casual deficit, or for suppressing invasions or insurrections, unless it
shall in the same bill levy a special tax to pay interest annually, and
provide therein for the levying of tax for the payment of the principal
by the date such debt matures. The General Assembly shall have no power
to give or lend the credit of the State in aid of any person,
association, or corporation, municipal or otherwise, unless the subject
be submitted to a direct vote of the people of the State and be
approved by a majority of those who shall vote thereon.
VIII. By striking out section one of article eight and substituting
therefor the following:
[Sidenote: Corporations not created by special act.]
[Sidenote: Exceptions.]
[Sidenote: General laws.]
[Sidenote: Alteration and repeal of general laws and special acts.]
[Sidenote: Repeal of charters.]
"SECTION 1. No corporation shall be created nor shall its charter be
extended, altered, or amended by special act, except corporations for
charitable, educational, penal, or reformatory purposes that are to be
and remain under the patronage and control of the State; but the General
Assembly shall provide by general laws for the chartering and
organization of all corporations, and for amending, extending, and
forfeiture of all charters, except those above permitted by special act.
All such general laws and special acts may be altered from time to time
or repealed; and the General Assembly may at any time by special act
repeal the charter of any corporation."
IX. By striking out section four of article eight, and substituting
therefor the following:
[Sidenote: General laws for organization of cities, towns, and
incorporated villages.]
"It shall be the duty of the Legislature to provide by general laws for
the organization of cities, towns, and incorporated villages, and to
restrict their power of taxation, assessment, borrowing money,
contracting debts, and loaning their credit, so as to prevent abuses in
assessment and in contracting debts by such municipal corporations."
[Sidenote: School term.]
X. By striking out the words "four months" in section three of article
nine, and inserting in lieu thereof the words "six months."
[Sidenote: Amendments to be submitted to qualified voters of State.]
SEC. 2. That the several amendments to the Constitution hereinbefor
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