Article 20 Section 6 - Territorial debts and liabilities

Sixth. Territorial debts and liabilities

Sixth. The debts and liabilities of the territory of Arizona, and the debts of the counties thereof, valid and subsisting at the time of the passage of the enabling act approved June 20, 1910, are hereby assumed and shall be paid by the state of Arizona, and the state of Arizona shall, as to all such debts and liabilities, be subrogated to all the rights, including rights of indemnity and reimbursement, existing in favor of said territory or of any of the several counties thereof, at the time of the passage of the said enabling act; Provided that nothing in this ordinance shall be construed as validating or in any manner legalizing any territory, county, municipal, or other bonds, obligations, or evidences of indebtedness of said territory or the counties or municipalities thereof which now are or may be invalid or illegal at the time the said state of Arizona is admitted as a state, and the legislature or the people of the state of Arizona shall never pass any law in any manner validating or legalizing the same.