of property, from which a tax may be collected, shall be taxed higher than another species of property, of equal value; Provided, The general assembly shall have power to tax merchants, hawkers, peddlers and privileges, in such a manner as may from time to time be prescribed by law: And provided further, That no other or greater amount of revenue shall at any time be levied than required for the necessary expenses of the government, unless by a concurrence of two-thirds of both houses of the general assembly.
Sec. 3. No poll tax shall be assessed for other than county purposes.
Sec. 4. No other or greater tax shall be levied on those productions or labor of the country, than may be required for expenses of inspection.
establishment of banks.
Section 1. The general assembly may incorporate one state bank, with such amount of capital as may be deemed necessary, and such number of branches as may be required for the public convenience, which shall become the repository of the funds belonging to or under the control of the state; and shall be required to loan them out throughout the state, and in each county, in proportion to representation. And they shall further have power to incorporate one other banking institution, calcutated to aid and promote the great agricultural interests of the country; and the faith and credit of the state may be pledged to raise the funds necessary to carry into operation the two banks herein specified: Provided, Such security can be given by the individual stockholders as will guarantee the state against loss or injury.
SCHEDULE.
Section 1. That no inconvenience may arise from the change of government, we declare that all writs, actions, prosecutiens, judgments, claims and contracts of individuals and bodies corporate, shall continue as if no change had taken place; and all process which may be issued under the authority of the territory of Arkansas, previous to the admission of
