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Constitution of the State of Texas 1876 Art. 11, § 3. County or municipal investment in or donation or loan to private corporation or association prohibited

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

No county, city, or other municipal corporation shall hereafter become a subscriber to the capital of any private corporation or association, or make any appropriation or donation to the same, or in anywise loan its credit; but this shall not be construed to in any way affect any obligation heretofore undertaken pursuant to law or to prevent a county, city, or other municipal corporation from investing its funds as authorized by law.

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Cite this article: FindLaw.com - Constitution of the State of Texas 1876 Art. 11, § 3. County or municipal investment in or donation or loan to private corporation or association prohibited - last updated January 01, 2024 | https://codes.findlaw.com/tx/constitution-of-the-state-of-texas-1876/const-sect-3-nr8/

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