Article II. Distribution of Powers
Article II, Section 33
Constitution of the State of Tennessee
Official text
No bonds of the State shall be issued to any Rail Road Company which at the time of its application for the same shall be in default in paying the interest upon the State bonds previously loaned to it or that shall hereafter and before such application sell or absolutely dispose of any State bonds loaned to it for less than par.
Source: Tennessee Blue Book 2025-2026 (Tennessee Secretary of State)
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