Political subdivisions not to become stockholders in or lend credit to private corporations
Arkansas Constitution (September 1874)
Ark. Const. art. XII, § 5 - 5
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http://vlex.com/vid/307332
Id. vLex: VLEX-307332
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No county, city, town or other municipal corporation, shall become a stockholder in any company, association, or corporation; or obtain or appropriate money for, or loan its credit to, any corporation, association, institution or individual.
