...unconstitutional as a contravention of Article 7, section 1, of the New York Constitution, which stated that the "credit of the state shall not in any manner be given or loaned to or in aid of any individual, association or corporation." Since the proceeds of the bonds, representing the credit of the state,...

...money." The other dissenting opinion, by Judge Cardozo, reads as follows : CARDOZO, J. (dissenting) "The credit of the state shall not in any manner be given or loaned to or in aid of any individual, association or corporation." Constitution of New York, art. 7, Sec. 1. The purpose of prohibition is...

...November n, 1918, was invalid because of repugnance 'to a provision of the State constitution that "The credit of the State shall not in any manner be...given or loaned to, or in aid of, any individual."* The Westchester County National Bank had been the successful bidder for #25,000 of State bonds issued...