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COUNTY SUBSCRIPTION.

Mr. NETHERLAND offered the following resolution :

Resolved, That the Counties of Grainger, Hawkins, Hancock, Union, Campbell, Scott, Morgan, Grundy, Sumner, Smith, Fentress, Van Buren, White, Putnam, Oyerton, Jackson, Cumberland, Coffee, Cocke, Macon, Ander son, Henderson, Roane, Wayne and Marshall, be excepted out of the provisions of Article II, Section 29, of the Constitution, and that the assent of a majority of the qualified voters of either of said counties, voting on the question, shall be sufficient when the credit of said county is given or loaned to any person, association, or corporation.

Mr. Brown, of Davidson, offered the following amendment to Mr. Netherland's resolution:

Provided, That the exception of the counties, above named, shall not be in force beyond the year 1880, and after that period they shall be subject to the three-fourths majority applicable to the other counties of the State.

Which was accepted by Mr. NETHERLAND.

Mr. HOUSE, of Montgomery, moved to lay the resolution on the table.

Mr. JONES, of Lincoln, demanded the yeas and nays, which were ordered, and the motion to lay on the table rejected. Yeas

18 Nays.....

54 Those voting in the affirmative are:

Messrs. Arledge, Bate, Blizard, Burkett, Carter, Doherty, Dromgoole, Fentress, Fielder, Hill of Warren, Hill of Gibson, House of Montgomery, etc., Jones of Lincoln, Kennedy, Morris, Porter of Henry, Shelton and Stephens-18.

Those voting in the negative are:

Messrs. Allen, Baxter, Brandon, Branson, Britton, Brooks, Brown of Davidson, Brown of Henry, etc., Burton, Byrne, Campbell, Chowning, Coffin, Cummings, Cypert, Deaderick, Deavenport, Dibbrell, Finley, Fulkerson, Gardner, Garner, Gaut, Gibbs, Gibson, Gordon, Heiskell, Henderson, House of Williamson, Ivie, Jones of Giles, Key, Kirkpatrick, Kyle, Mabry, McDougal, , McNabb, Meeks, Netherland, Nicholson, Parker, Porter of Haywood, Sample, Seay, Shepard, Staley, Taylor, Thompson of Davidson, Thompson of Maury, Turner, Walters, Warner, Williamson and Wright-54.

Mr. GORDON moved to refer the resolutions to the Judiciary

Committee, with instructions to report a provision that, under the authority of an act of the Legislature, the excepted counties, by a vote of the majority of the freehold and personal property tax-payers thereof, may loan their credit to railroad companies.

Mr. GARNER demanded the yeas and nays on the adoption of Mr. Gordon's resolution, which were ordered, and the resolution rejected. Yeas...

9 Nays....

..61 Those voting in the affirmative are:

Messrs. Allen, Arledge, Gibbs, Gordon, House of Montgomery, etc., Jones of Lincoln, Kennedy, McDougal and Meeks-9.

Those voting in the negative are :

Messrs. Bate, Baxter, Blizard, Brandon, Branson, Britton, Brooks, Brown of Davidson, Brown of Henry, etc., Burkett, Burton, Byrne, Campbell, Carter, Chowning, Coffin, Cummings, Cypert, Deaderick, Deavenport, Dibbrell, Doherty, Dromgoole, Fentress, Fielder, Finley, Fulkerson, Gardner, Garner, Gaut, Gibson, Heiskell, Henderson, Hill of Warren, Hill of Gibson, House of Williamson, Ivie, Key, Kirkpatrick, Kyle, Mabry, McNabb, Morris, Netherland, Nicholson, Parker, Porter of Haywood, Porter of Henry, Sample, Seay, Shepard, Shelton, Staley, Taylor, Thompson of Davidson, Thompson of Maury, Turner, Walters, Warner, Williamson and Wright_61.

Mr. SHEPARD demanded the yeas and nays on the adoption of Mr. Netherland's resolution, which were ordered, and the resolution adopted. Yeas......

..48 Nays....

26 Those voting in the affirmative are:

Messrs. Allen, Bate, Baxter, Brandon, Branson, Britton, Brooks, Brown of Davidson, Byrne, Campbell, Chowning, Coffin, Cummings, Cypert, Deaderick, Dibbrell, Fentress, Finley, Fulkerson, Gardner, Garner, Gaut, Gibbs, Gibson, Gordon, Heiskell, Ivie, Jones of Giles, Key, Kirkpatrick, Kyle, Mabry, McDougal, McNabb, Netherland, Nicholson, Parker, Seay, Shepard, Staley, Taylor, Thompson of Davidson, Thompson of Maury, Turner, Walters, Warner, Williamson and Wright-48.

Those voting in the negative are:

Messrs. Arledge, Blizard, Brown of Henry, etc., Burkett, Burton, Carter, Deavenport, Doherty, Dromgoole, Fielder, Henderson, Hilí

of Warren, Hill of Gibson, House of Williamson, House of Montgomery, etc., Jones of Lincoln, Kennedy, Meeks, Morris, Porter of Haywood, Porter of Henry, Sample, Shelton and Stephens—26.

The resolution was ordered to be referred to the Committee on Revision,

REPORT OF COMMITTEE ON ELECTIONS.

Mr. NICHOLSON, from the Committee on Elections and Suffrage, made the following report:

The Committee on Elections and Suffrage have considered the propositions of Messrs. Gordon and Gibson as to filling vacancies in office, and have agreed, in pursuance of said propositions, to recommend the Convention to adopt the following as Section 5, of Article IV, of the Constitution.

ARTICLE IV.

Sec. 5. In filling vacancies in all offices under this Constitution, or in those created by the Legislature, the appointment or election shall be made for the unexpired term. And all officers, appointed or elected, shall hold until their successors are appointed, or elected and qualified. All of which is respectfully submitted.

A. 0. P. NICHOLSON, Chairman. The amendment, recommended by the Committee on Elections and Suffrage, was adopted, and ordered to be referred to the Committee on Revision.

REPORT ON FINANCE, ETC. Mr. GARDNER, from the Committee on Finance, Internal Improvements and Corporations, made the following report:

The Committee have reconsidered their report, heretofore made on the subject of interest, and have instructed me to ask leave to withdraw the previous report on this subject, and submit the following in lieu :

INTEREST.

The legal rate of interest in this State shall be six per centum per annum, and shall be equal and uniform throughout the State; but any rate of interest shall be lawful which may be agreed upon by the parties, and inserted in a written contract, not exceeding ten per centum per annum. All of which is respectfully submitted.

JOHN A. GARDNER, Chairman.

On motion of Mr. HEISKELL, it was ordered that the report be laid on the table for the present.

RESPECT TO MRS. CATRON.

The PRESIDENT announced the Committee to wait on Mrs. Catron, to be: Messrs. Netherland, Jones of Lincoln and Gardner.

REPORT ON LEGISLATIVE DEPARTMENT FURTHER CONSIDERED.

23

The Convention resumed the consideration of the report of the Committee on the Legislative Department.

Mr. KENNEDY offered the following amendment to Section 31, as reported by the Committee :

“Nor shall any Bank be owned in whole or in part by the State.”

Mr. MABRY demanded the yeas and nays on the adoption of Mr. Kennedy's amendment, which were ordered, and the amendment adopted. Yeas...

45 Nays.... Those voting in the affirmative are:

Messrs. Arledge, Bate, Baxter, Brandon, Branson, Britton, Brooks, Brown of Davidson, Brown of Henry, etc., Byrne, Campbell, Carter, Coffin, Cummings, Deaderick, Doherty, Fentress, Fielder, Finley, Fulkerson, Garner, Gaut, Gibson, Gordon, Hill of Warren, Hill of Gibson, House of Williamson, House of Montgomery, etc., Jones of Lincoln, Kennedy, Key, Kirkpatrick, McNabb, Morris, Parker, Porter of Haywood, Porter of Henry, Sample, Seay, Staley, Stephens, Turner, Walters, Warner and Williamson-45.

Those voting in the negative are:

Messrs. Allen, Blizard, Burkett, Cypert, Deavenport, Dibbrell, Dromgoole, Gardner, Gibbs, Heiskeli, Henderson, Ivie, Jones ó Giles, Kyle, Mabry, McDougal, Meeks, Netherland, Nicholson, Taylor, Thompson of Davidson, Thompson of Maury and Wright -23. The Convention took a recess until 23 o'clock.

AFTERNOON SESSION.

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The Convention resumed the consideration of the report of the Committee on the Legislative Department.

Mr. KENNEDY offered the following as an independent section :

No bonds of the State shall be issued to any railroad company that has failed to pay and is now in default of paying the interest upon bonds already issued to it, or that shall at any time before application for such bonds, he in default of such payment, or that has sold or absolutely disposed of any bonds issued to it for less than

par. On motion of Mr. FENTRESS, it was ordered that 100 copies be přinted for the use of the Convention, and that it be referred to the Committee on Finance.

Mr. GIBSON offered the following amendment to Section 28 :

Insert the word “exclusively” after the word “used,” in the second line; and insert the words “and usedafter the word “ held " in the same line.

Which was adopted by the Convention.
Mr. GIBSON offered the following amendment to Seection 28:

Strike out the words “one thousandafter the word “except in the third line,' and insert “five hundred.”

Mr. MORRIS demanded the yeas and nays upon the adoption of the amendment, which were ordered and the amendment rejected. Yeas.....

22 Nays.....

49 Those voting in the affirmative are:

Messrs. Brandon, Brooks, Brown of Davidson, Burkett, Burton, Byrne, Chowning, Cypert, Fentress, Finley, Garner, Gibbs, Gibson, Hill of Warren, Ivie, Mabry, Nicholson, Parker, Porter of Haywood, Turner, Williamson and Wright-22.

Those voting in the negative are:

Messrs. Allen, Arledge, Bate, Baxter, Blizard, Brandon, Britton, Brown of Henry, etc., Campbell, Carter, Coffin, Cummings, Deaderick, Deavenport, Dibbrell

, Doherty, Dromgoole, Fielder, Gardner, Gaut, Gordon, Heiskell, Henderson, Hill of Gibson, House of Williamson, House of Montgomery, etc., Jones of Lincoln, Jones

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