Alaska Const. art. 16, § 1

Alaska Constitution

Article 16, § 1 — Lending credit — Bond issues — Interest-bearing warrants

Alaska Const. art. 16, § 1 (Lending credit — Bond issues — Interest-bearing warrants) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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CitationAlaska Const. art. 16, § 1

Bluebook

Alaska Const. art. 16, § 1.

Full Text

Neither the State nor any city, county, town or other municipality in this State shall ever lend its credit for any purpose whatever; nor shall any county, city or town or municipality ever issue any interest bearing evidences of indebtedness, except such bonds as may be authorized by law to provide for and secure the payment of the indebtedness existing at the time of the adoption of the Constitution of 1874, and the State shall never issue any interest-bearing treasury warrants or scrip.

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Neither the State nor any city, county, town or other municipality in this State shall ever lend its credit for any purpose whatever; nor shall any county, city or town or municipality ever issue any interest bearing evidences of indebtedness, except such bonds as may be authorized by law to provide for and secure the payment of the indebtedness existing at the time of the adoption of the Constitution of 1874, and the State shall never issue any interest-bearing treasury warrants or scrip.

History

Effective: 2016-11-08