municipal aid

The aid or assistance of a municipality given to a private enterprise, usually to cause it to locate therein. Aid formerly extended to a railroad company for the purpose of obtaining railroad service or connections. 44 Am J1st RR § 50.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

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  • aid bonds — County or municipal bonds issued in aid of a private enterprise, such as a railroad, in the interest of the public. People ex rel. Danville, Olney & Ohio River Railroad Co. v Granville, 104 Ill 285, 288. See railroad aid bonds …   Ballentine's law dictionary

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