28 KANSAS. Sec. 2. If the general assembly shall enact a general hanking law, such law shall provide for the registry and countersigning, by the auditor of the State, of all paper credit designed to be circulated as money, and ample collateral security, readily convertible into specie, for the redemption of the same in gold or silver, shall be required; which collateral security shall be under the control of the proper officer or officers of the State. Such law shall restrict the aggregate amount of all paper credit to be circulated as money, and the aggregate amount to be put in circulation in any one year ; and no note issued under the provision of this section shall be of a less denomination than ten dollars. Sec. 3. The stockholders in every bank or banking company shall be individually liable to an amount, over and above their stock, equal to their respective shares of stock, for all debts and liabilities of said bank or banking company. Sec. 4. All bills or notes issued as money shall be at all times redeemable in gold and silver ; and no law shall be passed sanctioning, directly or indirectly, the suspension by any bank or banking company of specie payments. Sec. 5. Holders of bank notes shall be entitled, in case of insolvency, to preference of specie payment over all other creditors. Sec. 6. No bank shall receive, directly or indirectly, a greater rate of interest than shall be allowed by law to individuals loaning money. Sec. 7. Every bank or banking company shall be required to cease all banking operations within twenty years from the time of its organization, and. promptly thereafter to close its business. Sec. 8. The State shall not be a stockholder in any bank or banking institution. Sec. 9. All banks shall be required to keep officers and proper offices for the issue and redemption of their paper, at some accessible and convenient point within the State. Sec. 10. The said banking law shall contain a provision reserving the power to alter, amend, and repeal said law. Sec. 11. At the time of submitting this constitution to the electors for their approval or disapproval, the article numbered in relation to a general banking law shall be submitted as a distinct proposition, in the following form: “General Banking Law : Yes or No and if a majority of the votes cast shall be in favor of said article, then the same shall form a part of this constitution ; otherwise it shall be void, and form no part thereof. SCHEDULE. Section 1. In order that no inconvenience may arise from the organization and establishment of a State government, and that the wishes of the people may be fully accomplished, it is declared: 1. That no existing rights, suits, prosecutions, claims, and contracts shall be affected by a change in the form of government. 2. That this constitution shall be submitted to the people of Kansas for ratification on the 15th day of December next. That each qualified elector shall express his assent or dissent to the constitution by
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