Indiana Const. art. 11, § 3

Indiana Constitution

Article 11, § 3

Indiana Const. art. 11, § 3 — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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CitationIndiana Const. art. 11, § 3

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Ind. Const. art. 11, § 3.

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If the General Assembly shall enact a general banking law, such law shall provide for the registry and countersigning, by an officer of 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 State.

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If the General Assembly shall enact a general banking law, such law shall provide for the registry and countersigning, by an officer of 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 State.