Texas Const. art. III, § 50

Texas Constitution

Article III, § 50 — LOAN OR PLEDGE OF CREDIT OF THE STATE

Texas Const. art. III, § 50 (LOAN OR PLEDGE OF CREDIT OF THE STATE) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionTexas DocumentConstitution

ArticleIII

Section§ 50

CitationTexas Const. art. III, § 50

Bluebook

Tex. Const. art. III, § 50.

Full Text

The Legislature shall have no power to give or to lend, or to authorize the giving or lending, of the credit of the State in aid of, or to any person, association or corporation, whether municipal or other, or to pledge the credit of the State in any manner whatsoever, for the payment of the liabilities, present or prospective, of any individual, association of individuals, municipal or other corporation whatsoever.

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The Legislature shall have no power to give or to lend, or to authorize the giving or lending, of the credit of the State in aid of, or to any person, association or corporation, whether municipal or other, or to pledge the credit of the State in any manner whatsoever, for the payment of the liabilities, present or prospective, of any individual, association of individuals, municipal or other corporation whatsoever.

History

Feb. 15, 1876.