Maine State Guaranteed Loans for Industrial Purposes, Proposed Constitutional Amendment No. 1 (1957)

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The Maine Loans for Industrial Purposes Amendment was on the September 9, 1957 ballot in Maine as a legislatively-referred constitutional amendment to the Maine Constitution. It was approved, becoming the 82nd amendment to the Maine Constitution.
  • In favor: 66,427 Approveda
  • Opposed: 30,750

The amendment was placed on the ballot by the Maine State Legislature.

The question on the ballot was, "Shall the Constitution which now Provides that the Credit of the State of Maine Shall not be Directly or Indirectly Loaned in Any Case, be Amended, as Proposed by a Resolution of the Legislature Pledging Credit of the State and Providing a Twenty Million Dollar Bond Issue for Guaranteed Loans for Industrial Purposes?"

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