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Showing posts with the label suretyships

Big Money, Redistributed Wealth and Legal Opacity Make For Happy Bed Fellows!

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...