Minnesota Const. art. XI, § 12

Minnesota Constitution

Article XI, § 12 — County, township or municipal aid to railroads limited

Minnesota Const. art. XI, § 12 (County, township or municipal aid to railroads limited) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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CitationMinnesota Const. art. XI, § 12

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Minn. Const. art. XI, § 12.

Full Text

The legislature shall not authorize any county, township or municipal corporation to become indebted to aid in the construction or equipment of railroads to any amount that exceeds five percent of the value of the taxable property within that county, township or municipal corporation. The amount of taxable property shall be determined by the last assessment previous to the incurring of the indebtedness.

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The legislature shall not authorize any county, township or municipal corporation to become indebted to aid in the construction or equipment of railroads to any amount that exceeds five percent of the value of the taxable property within that county, township or municipal corporation. The amount of taxable property shall be determined by the last assessment previous to the incurring of the indebtedness.