TWEET THIS ! http://goo.gl/bRCfF9 At this moment I am reading a report I received from the Maine Law Library- a report which was used to create The Maine Economic Development Corporation and T he Maine Capital Corporation - a private investment corporation chartered by the Maine legislature which offered tax credits for stock. It was chartered contingent to The Maine Development Foundation Corporation. The Maine Constitution , prohibits the legislature from chartering of corporations by special acts of legislation with an exception for municipal purposes and if the objects of the corporation cannot be otherwise achieved. (Article Iv Part Third Sections 13 & 14) Article X. Additional Provisions. Section 3. Laws now in force continue until repealed. All laws now in force in this State, and not repugnant to this Constitution, shall remain, and be in force, until altered or repealed by the Legislature, or shall expire by their own limitation. ...
