Constitution of Arkansas (2025 publisher edition) — Article 20

Publisher edition notice: This collection preserves the complete constitutional appendix of the Secretary of State’s 2025 Election Laws and Constitution compilation: its preamble, twenty original articles, schedule and 104 published amendments, including annotations and explicit repealed notices. Repealed notices remain historical publisher context. Later amendments have not been independently verified.

Article 20

ARTICLE 20
“HOLFORD” B ONDS NOT TO B E PAID
The General Assembly shall have no power to levy any tax, or make any appropriations, to pay
either the principal or interest, or any part thereof, of any of the following bonds of the State, or
the claims, or pretended claims, upon which they may be based, to-wit: Bonds issued under an act
of the General Assembly of the State of Arkansas, entitled, “An act to provide for the funding of
the public debt of the State,” approved April 6th, A. D. 1869, and numbered from four hundred
and ninety-one to eighteen hundred and sixty, inclusive, being the “funding bonds,” delivered to
F. W. Caper, and sometimes called “Holford bonds;” or bonds known as railroad aid bonds, issued
under an act of the General Assembly of the State of Arkansas, entitled, An act to aid in the
653 Art. 19, § 31 “HOLFORD” BONDS NOT TO BE PAID

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construction of railroads, approved July 21, A. D. 1868; or bonds called “levee bonds,” being bonds
issued under an act of the General Assembly of the State of Arkansas, entitled “An act providing
for the building and repairing the public levees of the State, and for other purposes,” approved
March 16, A. D. 1869, and the supplemental act thereto, approved April 12, 1869; and the act
entitled “An act to amend an act entitled an act providing for the building and repairing of the
public levees of this State,” approved March 23, A. D. 1871, and any law providing for any such
tax or appropriation, shall be null and void. [As added by Const. Amend. 1.]