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Florida Constitution Revision Commission

PUB 700092: Powers Denied to Local Governments by Martin Bates

ARTICLE VIII: LOCAL GOVERNMENT, New Section.

Catchline: Powers Denied to Local Governments

 

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.