Idaho Const. art. XII, § 4

Idaho Constitution

Article XII, § 4 — MUNICIPAL CORPORATIONS NOT TO LOAN CREDIT

Idaho Const. art. XII, § 4 (MUNICIPAL CORPORATIONS NOT TO LOAN CREDIT) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionIdaho DocumentConstitution

ArticleXII

Section§ 4

CitationIdaho Const. art. XII, § 4

Bluebook

Idaho Const. art. XII, § 4.

Full Text

No county, town, city, or other municipal corporation, by vote of its citizens or otherwise, shall ever become a stockholder in any joint stock company, corporation or association whatever, or raise money for, or make donation or loan its credit to, or in aid of, any such company or association: provided, that cities and towns may contract indebtedness for school, water, sanitary and illuminating purposes: provided, that any city or town contracting such indebtedness shall own its just proportion of the property thus created and receive from any income arising therefrom, its proportion to the whole amount so invested. Idaho State Capitol Building700 W. Jefferson St.Boise, ID 83720 (208) 334-2852

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No county, town, city, or other municipal corporation, by vote of its citizens or otherwise, shall ever become a stockholder in any joint stock company, corporation or association whatever, or raise money for, or make donation or loan its credit to, or in aid of, any such company or association: provided, that cities and towns may contract indebtedness for school, water, sanitary and illuminating purposes: provided, that any city or town contracting such indebtedness shall own its just proportion of the property thus created and receive from any income arising therefrom, its proportion to the whole amount so invested. Idaho State Capitol Building700 W. Jefferson St.Boise, ID 83720 (208) 334-2852