Kentucky Const. art. Revenue and Taxation, § 179

Kentucky Constitution

Article Revenue and Taxation, § 179 — Political subdivision not to become stockholder in corporation, or appropriate money or lend credit to any person, except for roads or State Capitol

This text of Kentucky Const. art. Revenue and Taxation, § 179 (Political subdivision not to become stockholder in corporation, or appropriate money or lend credit to any person, except for roads or State Capitol) is published on Counsel Stack Legal Research, covering Kentucky primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

JurisdictionKentucky DocumentConstitution

ArticleRevenue and Taxation

Section§ 179

CitationKentucky Const. art. Revenue and Taxation, § 179

Bluebook

Ky. Const. art. Revenue and Taxation, § 179.

Full Text

The General Assembly shall not authorize any county or subdivision thereof, city, town or incorporated district, to become a stockholder in any company, association or corporation, or to obtain or appropriate money for, or to loan its credit to, any corporation, association or individual, except for the purpose of constructing or maintaining bridges, turnpike roads, or gravel roads: Provided, If any municipal corporation shall offer to the Commonwealth any property or money for locating or building a Capitol, and the Commonwealth accepts such offer, the corporation may comply with the offer.

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The General Assembly shall not authorize any county or subdivision thereof, city, town or incorporated district, to become a stockholder in any company, association or corporation, or to obtain or appropriate money for, or to loan its credit to, any corporation, association or individual, except for the purpose of constructing or maintaining bridges, turnpike roads, or gravel roads: Provided, If any municipal corporation shall offer to the Commonwealth any property or money for locating or building a Capitol, and the Commonwealth accepts such offer, the corporation may comply with the offer.

History

Text as Ratified on: August 3, 1891, and revised September 28, 1891. History: Not yet amended.

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Bluebook (online)

Kentucky Const. art. Revenue and Taxation, § 179, Counsel Stack Legal Research, https://law.counselstack.com/constitution/ky/Revenue and Taxation/179.