State ex rel. Blackemore, Wooldridge & Co. v. Graham

The defendant has urged several objections to the constitutionality of act No. 93, approved nineteenth of *628April, 1871, only two of which have even the semblance of being well founded. They are, that it violates article 111 of the Constitution, which prohibits the General Assembly from contracting a debt exceeding $100,000, unless it provides for payment of the principal and interest. If it be conceded that a debt was created by that act, still the Legislature did provide for the payment thereof by making the certificates receivable for taxes. The General Assembly was vested with the…