Iowa Constitution
Article XI, § 3 — Indebtedness of political or municipal corporations
Iowa Const. art. XI, § 3
Iowa Const. art. XI, § 3 (Indebtedness of political or municipal corporations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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Iowa Const. art. XI, § 3.
Full Text
No county, or other political or municipal corporation shall be allowed to become indebted in any manner, or for any purpose, to an amount, in the aggregate, exceeding five per centum on the value of the taxable property within such county or corporation — to be ascertained by the last state and county tax lists, previous to the incurring of such indebtedness.
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