Editing John N. Mitchell (section)

==New York government==
Mitchell devised a type of [[Municipal Revenue Bonds|revenue bond]] called a "moral obligation bond" while serving as bond counsel to New York Governor [[Nelson Rockefeller]] in the 1960s. In an effort to get around the voter approval process for increasing state and municipal borrower limits, Mitchell attached language to the offerings that was able to communicate the state's intent to meet the bond payments while not placing it under a legal obligation to do so.<ref name="MysakMarlin1991">{{cite book|first1=Joseph|last1=Mysak|first2=George|last2=Marlin|date=1991|title=Fiscal Administration: Analysis and Applications for the Public Sector|publisher=Brooks/Cole|location=Pacific Grove, California|isbn=978-0155058552}}</ref> Mitchell did not dispute when asked in an interview if the intent of such language was to create a "form of political elitism that bypasses the voter's right to a referendum or an initiative."<ref>{{cite web|url=http://www.virginiainstitute.org/publications/pay_the_bills.php|title=We Only Pay the Bills: The Ongoing Effort to Disfranchise Virginia's Voters|first1=William P.|last1=Kittredge|first2=David W.|last2=Kreutzer|publisher=The Virginia Institute for Public Policy|location=Abingdon, Virginia|year=2001|access-date=December 12, 2009|archive-url=https://web.archive.org/web/20090530203101/http://www.virginiainstitute.org/publications/pay_the_bills.php|archive-date=May 30, 2009|url-status=dead}}</ref>