Florida Special Tax School District Bonds, Amendment 3 (1924)

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The Florida Special Tax School District Bonds Amendment, also known as Amendment 3, was a legislatively-referred constitutional amendment in Florida which was approved on the ballot on November 4, 1924.

This amendment modified Article XII of the Florida Constitution to allow for the creation of special tax school districts and for bonds of up to 20% of the assessed value of taxable property in those district.[1]

Election results

Florida Amendment 3 (1924)
ResultVotesPercentage
Approveda Yes 38,036 70.35%
No16,03229.65%

Election results via: Report of the Secretary of State of the State of Florida (1923-1924)

Text of measure

The language that appeared on the ballot:

To amend Article 12, Section 17, of the Constitution of the state of Florida, relative to the issuance of bonds by special tax school districts, authorizing the legislature to provide for special tax school districts to issue bonds, and limiting the authorized indebtedness of such districts, including such bonds, to 20% of the assessed value of taxable property in such districts.[2][3]

Constitutional changes

Section 17. The Legislature may provide for special tax school districts to issue bonds for the exclusive use of public free schools within any such special tax school district, whenever a majority of the qualified electors thereof who are freeholders shall vote in favor of the issuance of such bonds, but no bonds shall be issued hereunder which shall exceed, together with the existing indebtedness of such special tax school district 20 per cent of the assessed value of the taxable property of such district according to the last assessment for State and County purposes prior to the issuing of such bonds. Any bonds issued hereunder shall become payable within thirty years from the date of issuance in annual installments which shall commence not more than three years after the date of issue. Each annual installment shall be not less than three per cent of the total amount of the issue. Whenever any such special tax school district has voted in favor of the issuance of such bonds a special tax for the payment of the interest on said bonds and the principal thereof as the same shall become due and payable, shall be levied on the taxable property within the district voting for their issuance in accordance with law, providing for the levy of taxes and such tax shall not be applied to any purpose other than the payment of the principal and interest of said bonds.[1]

Path to the ballot

  • The amendment was placed on the ballot by Senate Joint Resolution 333 of 1923.[1]

See also

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References

  1. 1.0 1.1 1.2 Florida Constitution Revision Commission, "Amendments, Election of 11-4-24"
  2. The Evening Independent, "Instruction For Voters On Tomorrow's Election," November 3, 1924
  3. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.