Article IV, Part Third, Section 14 of the maine State Constitution

Article IV, Part Third, Section 14 of the Maine State Constitution says:

Corporations shall be formed under general laws, and shall not be created by special Acts of the Legislature, except for municipal purposes, and in cases where the objects of the corporation cannot otherwise be attained, and, however formed , they shall forever be subject of the general laws of the state ( emphasis mine)

Quote from the legislative Charter for Brunswick Landing Maine's Center for Innovation : The Midcoast Regional Redevelopment Authority is established as a body corporate and politic and a public instrumentality of the State to carry out the purposes of this article. The authority is entrusted with acquiring and managing the properties within the geographic boundaries of Brunswick Naval Air Station. [2009, c. 641,
§1 (AMD).]
1. Powers. The authority is a public municipal corporation and may:D. Exercise the power of eminent domain; [2005, c. 599, §1 (NEW).]

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Wednesday, December 9, 2009

Is it Constitutional for the Government of Maine to Manage Maine's Economy?

The Maine State Constitution

Section 14. Corporations, formed under general laws. Corporations shall be formed under general laws, and shall not be created by special Acts of the Legislature, except for municipal purposes, and in cases where the objects of the corporation cannot otherwise be attained; and, however formed, they shall forever be subject to the general laws of the State
My Question to ALL political candidates running in state of Maine Elections is how do they reconcile the 1995 legislation that created the Small Enterprise Growth Fund, which to my reading is a partnership between State Capitalism and Private High Growth Capitalism with Section 14 of the Maine State Constitution? Also if this partnership is not a corporation- then what is it? Note that this tax-payer funded "Fund" is a roll-over fund that always rolls over to refinance this investment in "high-growth” capitalism and that the legislation structures it so that "the Fund" reports directly to the legislature- thus by passing the general public- and so not only do the benefits of "the fund" exclude those not qualified as "high growth capitalism" but it is not transparent to the general public- only to the members of the partnership, i.e., government and high growth capitalists
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