Bulletin of the University of Wisconsin: Economics and political science series, Volume 5

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University of Wisconsin., 1909

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Page 29 - 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 30 - The proceeds of all lands that have been or may be granted by the United States to this State for the support of common schools...
Page 30 - 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 127 - In conclusion, let us say that this is eminently a practical age ; that courts must recognize things as they are and as possessing a value which is accorded to them in the markets of the world, and that no finespun theories about situs should interfere to enable these large corporations, whose business is carried on through many states, to escape from bearing in each state such burden of taxation as a fair distribution of the actual value of their property among those states requires.
Page 29 - 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 28 - 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 29 - 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 31 - Indian descent not members of any tribe ; provided, that the legislature may at any time extend by law the right of suffrage to persons not herein enumerated ; but no such law shall be in force until the same shall have been submitted to a vote of the people at a general election and approved by a majority of all the votes cast at such election...
Page 29 - 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.

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