State ex rel. Brown v. Beard

The issue presented is whether respondents’ actions with respect to the issuance and sale of revenue bonds herein constitute a lending of the state’s credit in violation of Section 4, Article VIH of the Ohio Constitution.

*291Section 4, Article VIII, provides that “[t]he credit of the state shall not, in any manner, be given or loaned to, or in aid of, any individual association or corporation whatever; nor shall the state ever hereafter become a joint owner, or stockholder, in any company or association in this state, or elsewhere, formed for any purpose whatever.” In State, ex rel. Saxbe, v.…