The Ohio Industrial Development Loans Amendment
, also known as Issue 4
, was on the May 4, 1965 ballot
as a legislatively-referred constitutional amendment
, where it was approved
This amendment encourages industry and job creation through various financial back and assurances.
| Ohio Issue 4 (May 1965)|
| Yes|| 711,031|| 56.71%|
Election results via the Ohio Secretary of State.
Text of measure
- See also: Ohio Constitution Section 13, Article VIII
The language appeared on the ballot as:
||Proposing to amend Article VIII of the Constitution of the State of Ohio by adding Section 13 to provide that to create jobs and employment opportunities and improve the economic welfare of the people. It is in the public interest and a proper public purpose for the State and other designated agencies of the State to acquire, construct, enlarge, improve or equip, and to sell, lease, exchange and otherwise dispose of property, structures, equipment and facilities for Industry, commerce, distribution and research: to make and guarantee loans, and to borrow money and Issue bonds or other obligations, to provide moneys for such purposes; to exclude the application of certain sections of Article VIII and Article XII; to authorize laws to carry such purposes into effect: to provide that moneys raised by taxation shall not be obligated or pledged; to provide that no guarantees, loans or lending of aid or credit shall be made under laws enacted pursuant to or validated by such amendment for facilities to be constructed for the purpose of providing electric or gas utility service to the public; to authorize corporations to lend or contribute moneys and to validate certain laws enacted by the 105th General Assembly.