appropriations shall be made by separate bills, each embracing but one subject.
Sec. 35. Money expended only on appropriation. Except for interest on public debt, money shall be paid out of the treasury only on appropriations made by the legislature, and in no case otherwise than upon warrant drawn by the proper officer in pursuance of law.
Sec. 36. Prohibited appropriations. No appropriation shall be made for charitable, industrial, educational or benevolent purposes to any person, corporation or community not under the absolute control of the state, nor to any denominational or sectarian institution or association.
Sec. 37. Delegation of power to perform municipal functions prohibited. The legislature shall not delegate to any special commissioner, private corporation or association, any power to make, supervise or interfere with any municipal improvements, moneys, property or effects, whether held in trust or otherwise, to levy taxes, or to perform any municipal functions whatever.
Sec. 38. Investment of trust funds. The legislature may authorize the investment of trust funds by executors, administrators, guardians or trustees, in the bonds or stocks of private corporations, and in such other securities as it may by law provide.
This section was amended by a resolution adopted by the 1965 legislature, ratified by a vote of the people at the general election held on November 8, 1966, and proclaimed in effect on January 17, 1967.
Sec. 39. Aid to railroads prohibited. The legislature shall have no power to pass any law authorizing the state or any county in the state to contract any debt or obligation in the construction of any railroad, or give or loan its credit to or in aid of the construction of the same.
Sec. 40. Debts to state or municipal corporation cannot be released unless otherwise prescribed by legislature. No obligation or liability of any person, association or corporation held or owned by the state or any municipal corporation therein shall ever be exchanged, transferred, remitted, released, postponed or in any way diminished except as may be prescribed by the legislature. The liability or obligation shall not be extinguished except by payment into the proper treasury or as may otherwise be prescribed by the legislature in cases where the obligation or liability is not collectible.
