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Minnesota Constitution Art. XI, § 12. County, township or municipal aid to railroads limited

Current as of January 01, 2025 | Updated by Findlaw Staff

Sec. 12. The legislature shall not authorize any county, township or municipal corporation to become indebted to aid in the construction or equipment of railroads to any amount that exceeds five percent of the value of the taxable property within that county, township or municipal corporation. The amount of taxable property shall be determined by the last assessment previous to the incurring of the indebtedness.

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Cite this article: FindLaw.com - Minnesota Constitution Art. XI, § 12. County, township or municipal aid to railroads limited - last updated January 01, 2025 | https://codes.findlaw.com/mn/minnesota-constitution/mn-const-art-11-sect-12/

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