Ar. Const. art. 12, § 5
AR Const., Article 12, Section 5
Length: 48 wordsOfficial source
Political subdivisions not to become stockholders in or lend credit to private corporations. No county, city, town or other municipal corporation, shall become a stockholder in any company, association, or corporation; or obtain or appropriate money for, or loan its credit to, any corporation, association, institution or individual.