Constitution of the State of Indiana Art. 10, § 6

Section 6. No county shall subscribe for stock in any incorporated company, unless the same be paid for at the time of such subscription;  nor shall any county loan its credit to any incorporated company, nor borrow money for the purpose of taking stock in any such company;  nor shall the General Assembly ever, on behalf of the State, assume the debts of any county, city, town, or township;  nor of any corporation whatever.