Kentucky Constitution

Adopted by Constitutional Convention September 28, 1891

Ratified by vote of the People August 3, 1891

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Table of Contents

Revenue and Taxation

Property to be taxed according to value, whether corporate or individual -- Income, license, and franchise taxes

Power to tax property not to be surrendered

Commonwealth not to assume debt of county or city -- Exception

Commonwealth not to lend credit, nor become stockholder in corporation, nor build railroad or highway

Law for borrowing money to specify purpose, for which alone money may be used

Political subdivision not to become stockholder in corporation, or appropriate money or lend credit to any person, except for roads or State Capitol

Act or ordinance levying any tax must specify purpose, for which alone money may be used

General Assembly may not levy tax for political subdivision, but may confer power - - License and excise taxes -- City taxes in lieu of ad valorem taxes

Railroad taxes -- How assessed and collected

Education

General Assembly to provide for school system

Common school fund -- What constitutes -- Use -- Vote on tax for education other than in common schools

Interest on school fund -- Investment.

Distribution and use of school fund

Race or color not to affect distribution of school fund

Refund of Federal direct tax part of school fund -- Irredeemable bond

School money not to be used for church, sectarian, or denominational school

Corporations

Regulation of corporations by General Assembly

(Repealed 2002)

Repealed 2002

Repealed 2002

Repealed 2002

Corporation property subject to eminent domain -- Corporations not to infringe upon individuals

Regulation of common carriers -- No relief from common-law liability

Free passes or reduced rates to officers forbidden

Repealed 2002

Telegraph and telephone companies -- Right to construct lines -- Exchange of messages

Repealed 2002

Public utility company not to consolidate with, acquire or operate competing or parallel system -- Common carriers not to share earnings with one not carrying -- Telephone companies excepted under certain conditions

Repealed 2002

Repealed 2002