Alabama Const. art. IV, § 100

Alabama Constitution

Article IV, § 100 — Obligations and Liabilities of Corporations, Etc., Held or Owned by State, Counties or Municipalities

Alabama Const. art. IV, § 100 (Obligations and Liabilities of Corporations, Etc., Held or Owned by State, Counties or Municipalities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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Section§ 100

CitationAlabama Const. art. IV, § 100

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Ala. Const. art. IV, § 100.

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No obligation or liability of any person, association, or corporation held or owned by this state, or by any county or other municipality thereof, shall ever be remitted, released, or postponed, or in any way diminished, by the legislature; nor shall such liability or obligation be extinguished except by payment thereof; nor shall such liability or obligation be exchanged or transferred except upon payment of its face value; provided, that this section shall not prevent the legislature from providing by general law for the compromise of doubtful claims.

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No obligation or liability of any person, association, or corporation held or owned by this state, or by any county or other municipality thereof, shall ever be remitted, released, or postponed, or in any way diminished, by the legislature; nor shall such liability or obligation be extinguished except by payment thereof; nor shall such liability or obligation be exchanged or transferred except upon payment of its face value; provided, that this section shall not prevent the legislature from providing by general law for the compromise of doubtful claims.