...Sec. 11, Constitution of the Stato of New York. No count}*, city, town or village shall hereafter gjvo any money or property, or loan its money or credit,...corporation, or become directly or indirectly the owners of stock in or bonds of any association or corporation, nor shall any such county, city, town...

...provisions of the Eleventh Section of the Eighth Article of the Constitution of the State of New York: " No county, city, town, or village shall hereafter give any money or property * * * to or in aid of any individual, association or corporation * * * This section shall not prevent...

...constitutional prohibition to which reference has been made, and which is as follows : Article 8, § 10: "No county, city, town or village shall hereafter...indebtedness except for county, city, town or village purposes." Section 16 of the Tax and Assessment Act, constituting a part of the charter of the city...

...latter as fundamentally illegal because violating the provisions of the Constitution which declares that no county, city, town, or village shall hereafter...its money or credit to or in aid of any individual, association, or corporation, and the prevailing opinion in the Court of Ap-. peals stated that : "The...

...whether they do or not Is my task. This section, omitting what Is Irrelevant, is as follows: No city shall hereafter give any money or property or loan its money or credit to or in aid of any corporation ; nor shall any such city be allowed to incur any indebtedness except for city purposes....

...state Constitution, contains the following: "Xo r-rmnty. city, town or villaee shall hereafter {five any money or property, or loan Its money or credit to or In aid of any individual, association or corporation, * * * nor shall any such county, city, town or village be allowed to incur...

...article 8 of the Constitution of this state, which forbids any county, city, town, or village to give money or property, or loan its money or credit, to or in aid of any individual, association, or corporation ; and (2) that it is ultra vires of the city of New York, because no one...

...Procedure, as now in force, is in violation of article 8, § 10, of the Constitution. That section provides: "No county, city, town or village shall hereafter give any money or property * * * to or in aid of any individual, « * * nor shall any such county, city, town or village be allowed...

...property now held, or which may hereafter be held by the state for educational purposes.3 * t§ 11. No county, city, town or village shall hereafter give...become, directly or indirectly the owner of stock m or bonds of any association or corporation, nor shall any such county, city, town or village be allowed...

...constitutional provision which, becoming operative on that day, provided that no town should thereafter "give any money or property, or loan its money or...the owner of stock in or bonds of any association." Article 8, § 11. This had the effect to prevent the bonds becoming obligations against the town unless...