Oregon Rural Credits Fund, Measure 10 (1916)
The Oregon Rural Credits Fund Amendment, also known as Measure 10, was on the November 7, 1916 ballot in Oregon as an initiated constitutional amendment, where it was approved. The measure created a Rural Credits Fund, which would be funded through bonds, that would offer loans with five percent interest for purchasing land, livestock and equipment and making improvements to farming infrastructure.
|Oregon Measure 10 (1916)|
Election results via: Oregon Blue Book
Text of measure
The language appeared on the ballot as:
Constitutional Amendment - Proposed by Initiative Petition
Initiated by the Oregon Referendum League: C. E. Spence, Master Oregon State Grange, Oregon City, Oregon; J. D. Brown, President, Oregon Southern-Idaho Farmers' Educational and Co-operative Union, Arlington, Oregon; T. H. Burchard, Ex-President Oregon State Federation of Labor, 829 East Eleventh Street North, Portland, Oregon. - RURAL CREDITS AMENDMENT - Purpose - To bond state for not over two per cent of assessed valuation of all property therein for "Rural Credits Fund." Bonds from $25.00 to $1000 in series of $50,000, maturing in not over 36 years, interest four per cent, exempt from taxes. State to loan said Fund to owners occupying farm lands, on mortgages not over half land value nor $50 per acre, nor less than $200 nor more than $5000 to one person, small loans preferred. Loans made for: (a) payment for land; (b) purchasing livestock and equipment and making improvements; (c) satisfying incumbrances incurred for such purposes; interest five per cent. --- Vote YES or NO.
319. No 
Path to the ballot
- Oregon 1916 ballot measures
- 1916 ballot measures
- List of Oregon ballot measures
- History of Initiative & Referendum in Oregon
- Oregon Blue Book Initiative, Referendum and Recall: 1916-1921
- Oregon State Constitution
- State of Oregon Official Voters' Pamphlet 1916
- Oregon State Library, "State of Oregon Official Voters' Pamphlet," accessed November 8, 2013
- Oregon Blue Book, "Oregon State Constitution," accessed November 8, 2013
- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
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