The Constitution for the United States of America
Article 6
Paragraph 1
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All debts contracted and engagements entered into, before the adoption of this constitution, shall be as valid against the United States under this constitution, as under the confederation. |
All lawful debts contracted and engagements entered into, must be recognized as valid debts, however, debts contracted in violation of the powers granted to the Federal government under the our Constitution are hereby declared null and void, and shall not, under any circumstances be honored.
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