Mississippi Const. art. 14, § 258

Mississippi Constitution

Article 14, § 258 — Credit of State

Mississippi Const. art. 14, § 258 (Credit of State) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionMississippi DocumentConstitution

Article14

Section§ 258

CitationMississippi Const. art. 14, § 258

Bluebook

Miss. Const. art. 14, § 258.

Full Text

The credit of the State shall not be pledged or loaned in aid of any person, association, or corporation; and the State shall not become a stockholder in any corporation or association, nor assume, redeem, secure, or pay any indebtedness or pretended indebtedness alleged to be due by the State of Mississippi to any person, association, or corporation whatsoever, claiming the same as owners, holders, or assignees of any bond or bonds, now generally known as “Union Bank” bonds and “Planters Bank” bonds.

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The credit of the State shall not be pledged or loaned in aid of any person, association, or corporation; and the State shall not become a stockholder in any corporation or association, nor assume, redeem, secure, or pay any indebtedness or pretended indebtedness alleged to be due by the State of Mississippi to any person, association, or corporation whatsoever, claiming the same as owners, holders, or assignees of any bond or bonds, now generally known as “Union Bank” bonds and “Planters Bank” bonds.

History

SOURCES: 1832 art VII § 9; 1869 art XII § 5 and amendment 1.