Preserving The American Political Philosophy

TWEET THIS!  http://goo.gl/5l9WdF Section 2 of the Home Rule Amendment ( Construction of Buildings for Industrial Use), was added to the constitution as section 8-A of Article IX in 1962 Home Rule Section 2.  Construction of buildings for industrial use.   For the purposes of fostering, encouraging and assisting the physical location, settlement and resettlement of industrial and manufacturing enterprises within the physical boundaries of any municipality, the registered voters of that municipality may, by majority vote, authorize the issuance of notes or bonds in the name of the municipality for the purpose of purchasing land and interests therein or constructing buildings for industrial use, to be leased or sold by the municipality to any responsible industrial firm or corporation. It was relocated under the 1973 codification. According to Marshall J Tinkle : This provision was added to the constitution as section 8A of Article IX in 1962 ( Am

Chales S Colgan is Associate Director, Maine Center for Business and Economic Research , Economic Development Administration ,  University Center, Chair, CPD Program and Professor of Public Policy & Management, Muskie School of Public Service In an email exchange   Mr Colgan had this to say: "Incidentally, the constitutional provision you mention was enacted in the wake of the railroad failures in the 1830s and was intended to prohibit the state from creating for profit corporations.  The state has chartered a large number of non-profit corporations and there is no problem with those.  I worked on the creation of MDF in the 1970s so I am pretty sure of this." MDF is The Maine Development Foundation. The "constitutional provision" I mentioned is  Article IV Part Third section 14 of the Maine State Constitution: Section 14.  Corporations, formed under general laws.   Corporations shall be formed under general laws, and shall not be created b