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Article VIII, § 7 — Specie basis

Iowa Const. art. VIII, § 7

Iowa Const. art. VIII, § 7 (Specie basis) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionIowaDocumentConstitution
ArticleVIII
Section§ 7
CitationIowa Const. art. VIII, § 7
Bluebook
Iowa Const. art. VIII, § 7.

Full Text

If a state bank be established, it shall be founded on an actual specie basis, and the branches shall be mutually responsible for each other’s liabilities upon all notes, bills, and other issues intended for circulation as money.* *Codified Iowa Constitution, Art. VIII, §6 – 11 apply to banks of issue only, see 63 Iowa 11, 220 Iowa 794, and 221 Iowa 102

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