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Par. I. The proceeds of the sale of the Western and Atlantic, Macon and Brunswick, or other railroads, held by the State, and any other property owned by the State, whenever the General Assembly may authorize the sale of the whole, or any part thereof, shall be applied to the payment of the bonded debt of the State, and shall not be used for any other purpose whatever, so long as the State has any existing bonded debt: Provided, That the proceeds of the sale of the Western and Atlantic Railroad shall be applied to the payment of the bonds for

Sec. Art.

which said railroad has been mortgaged, in preference to all other bonds.

1. VII.

IDAHO.

The fiscal year shall commence on the second Monday of January in each year, unless otherwise provided by law.

48.

KENTUCKY.

The General Assembly shall have no power to enact laws to diminish the resources of the sinking fund as now established by law until the debt of the Commonwealth be paid, but may enact laws to increase them; and the whole resources of said fund, from year to year, shall be sacredly set apart and applied to the payment of the interest and principal of the State debt, and to no other use or purpose, until the whole debt of the State is fully satisfied.

69. IV.

MISSISSIPPI.

General appropriation bills shall contain only the appropriations to defray the ordinary expenses of the executive, legislative and judicial departments of the government, to pay interest on State bonds, and to support the common schools. All other appropriations shall be made by separate bills, each embracing but

one subject. Legislation shall not be engrafted on appropriation bills, but the same may prescribe the conditions on which the money may be drawn, and for what purpose paid.

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The rate of taxation of real and personal property for State purposes in any one year shall never exceed three (3) mills on each dollar of valuation; and whenever the taxable property in the State shall amount to one hundred million dollars ($100,000,000), the rate shall not exceed two and one-half (21-2) mills on each dollar of valuation; and whenever the taxable property in the State shall amount to three hundred million dollars ($300,000,000) the rate shall never thereafter exceed one and one-half (1 1-2) mills on each dollar of valuation; unless a proposition to increase such rate, specifying the rate proposed and the time during which the same shall be levied, shall have been submitted to the people at a general election, and shall have received a majority of all the votes cast for and against it at such election.

12. XII.

No appropriation shall be made or any expenditures authorized by the Legislative Assembly whereby the expenditures of the State during any fiscal year shall exceed the total tax then provided for by law, and applicable to such appropriation, or expenditure, unless the Legislative Assembly making such appropriation shall provide for levying a sufficient

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tax, not exceeding the rate allowed in section nine (9) of this article, to pay such appropri ations or expenditures within such fiscal year. This provi sion shall not apply to appropriation or expenditures to suppress insurrection, defend the State, or assist in defending the United States in time of war. No appropriation of public moneys shall be made for a longer term than two years.

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Creation of Corporations.

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ARTICLE VIII.

CREATION OF CORPORATIONS.

Section 1. Corporations may be formed under general

2 laws; but shall not be created by special act, except for 3 municipal purposes, and in cases where, in the judgment of 4 the Legislature, the objects of the corporation cannot be 5 attained under general laws. All general laws and special acts 6 passed pursuant to this section may be altered from time to 7 time or repealed.

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Corporations for municipal purposes shall not be created by special laws; but the Legislature, by general laws, shall provide for the incorporation, organization, and classification, in proportion to population, of cities and towns, which laws may be altered, amended, or repealed. Cities and towns heretofore organized or incorporated may become organized under such general laws whenever a majority of the electors voting at a general election shall so determine, and shall organize in conformity therewith; and all cities or towns heretofore or hereafter organized, and all charters thereof framed or adopted by authority

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Sec. Art.

247.

LOUISIANA.

General laws shall be enacted providing for the creation of private corporations, and shall therein provide fully for the adequate protection of the public and of the individual stockholder.

14. IV.

MAINE.

Corporations shall be formed under general laws, and shall not be created by special acts of the Legislature, except for municipal purposes, and in cases where the objects of the corporation cannot otherwise be attained; and, however formed, they shall forever be subject to the general laws of the State.

48. VIII.

MARYLAND.

Corporations may be formed under general laws, but shall not be created by special act, except in cases where no general laws exist, providing for the creation of corporations of the same general character as the corporation proposed to be created, and any act of incorporation passed in violation of this section shall be void; all charters granted or adopted in pursuance of this section, and all charters heretofore granted and created subject to repeal or modification, may be altered from time to time, or be repealed; provided, nothing herein contained shall be construed to extend to banks, or the incorporation thereof; the General Assembly shall not alter or amend the charter of any corporation existing at the time of the adoption of this article, or pass any other general or special law for the benefit of such corporation, except upon the condition that such corporation shall surrender all claims to ex

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