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Iowa Constitution Art. XI, § 3. Indebtedness of political or municipal corporations

Current as of January 01, 2024 | Updated by Findlaw Staff

No county, or other political or municipal corporation shall be allowed to become indebted in any manner, or for any purpose, to an amount, in the aggregate, exceeding five per centum on the value of the taxable property within such county or corporation--to be ascertained by the last state and county tax lists, previous to the incurring of such indebtedness.

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Cite this article: FindLaw.com - Iowa Constitution Art. XI, § 3. Indebtedness of political or municipal corporations - last updated January 01, 2024 | https://codes.findlaw.com/ia/iowa-constitution/ia-const-art-xi-sect-3/

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