[afc wimbledon]

Originally Posted by Barnes

Yup.

Section 7. Neither the state, nor any county, city, town, municipality, or other subdivision of the state shall ever give or loan its credit in the aid of, or make any donation or grant, by subsidy or otherwise, to any individual, association, or corporation, or become a subscriber to, or a shareholder in, any company or corporation, or become a joint owner with any person, company, or corporation, except as to such ownerships as may accrue to the state by operation or provision of law or as authorized by law solely for investment of the monies in the various funds of the state.

Maybe one of the lawyers can explain the intention of the bold portion. To me, it reads 'You can't give away money unless, there's a good reason to.' -->Which must be decided by a court, which you are not.

To me it reads that the state can invest in companies it at times ends up owning, I assume this means water or power companies or the like and they can invest in stocks and bonds like any other shareholder.