On the twenty-second day of May, at the extra session, an act was passed to execute the trust created by the land grant act, by which a number of railroad companies were incorporated to construct roads on the lines indicated by the act of congress, and to aid in the building of these roads, and the lands applicable to each were granted to it. The companies were to receive title to the lands as the construction progressed, as provided in the granting act. They also had conferred upon them powers to issue bonds, in the discretion of the directors, and to mortgage their roads and franchise to secure them. These railroad companies were organized upon the hope that the aid extended to them by the grants of land would enable them to raise money sufficient to build their several roads. They had nothing of their own, and no security but the roads and lands upon which to negotiate loans. The times, and the novel idea of building railroads in unpeopled countries, were all against them, and, of course, nothing could be done. The constitutional convention met and framed an instrument for the fundamental law of the new state which was very conservative, and, among other things, contained the following clause, which was enacted in section 5 of article IX.: "For the purpose of defraying extraordinary expenses the state may contract debts, but such debts shall never in the aggregate exceed two hundred and fifty thousand dollars." And another clause found in section 10, which is as follows: "The credit of the state shall never be given or loaned in aid of any individual, association or corporation." It was the intention of the framers of the constitution to prevent the legislature from ever using the credit or funds of the state in aid of any private enterprise, and these provisions effectually accomplished that end. The people were deeply disappointed when they became convinced that the roads could not be built with the aid that congress had extended, and as this work was also looked upon as the only hope of financial relief, the case became a desperate one, which could only be remedied by the most extreme measures. The promoters of the railroads soon discovered one, in an amendment of the section of the constitution which prohibited the credit of the state being given or loaned to anyone, and at the first session of the first legislature, which convened on Dec. 3, 1857, an act was passed proposing such amendment, to be submitted to the people for ratification. The importance of this amendment, and its effect and consequences upon the future of the state, demands that I give it nearly in full. It changed section 10 as it was originally passed, and made it read as follows: