Provisions
VIII.17 proposed for 1870 • State not to invest in corporations.
REJECTED
The Text
The State shall not subscribe for, purchase or in any way own, except by bequest, shares or stock, in any company or corporation, nor invest any portion or its funds in the same.
A Few Facts
• Has 33 words
• Was proposed by the Constitutional Convention
• Went to NYS voters as proposed amendment 1 of 1869
If New Yorkers voted to approve this provision, it would have:
• Joined the Constitution in 1870
• Been in Article VIII:
• Been a new addition
Credits
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