Alabama Bonds, Amendment 2 (1957)
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The Alabama Bonds, Amendment 2, also known as Amendment 2, was on the ballot in Alabama on December 17, 1957, as a legislatively referred constitutional amendment. It was approved. The amendment proposed to amend the constitution. The amendment proposed that the state would be authorized to become indebted and to issue interest-bearing bonds, in addition to those heretofore authorized and sold, in an aggregate principal amount not exceeding $3 million. The proceeds derived from the sale of said bonds would be used for paying the expenses incurred in the sale and issuance thereof and for the acquisition of sites for and the construction, reconstruction, alteration improvement and equipment of building faculties, including the renewal or replacement of structural parts, at the Alabama Institute for Deaf and Blind. Said bonds would be sold only at a duly advertised public sale or sales, upon sealed bids or at auction, to the bidder whose bid reflects the lowest net interest cost to the state for the bonds offered for sale, and would be sold at not less than their face value plus accrued interest.[1]
Election results
Alabama Amendment 2 (December 1957) | ||||
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Result | Votes | Percentage | ||
![]() | 128,386 | 86.38% | ||
No | 20,238 | 13.62% |
Election results via: Alabama Official and Statistical Register, 1959
See also
- Alabama 1957 ballot measures
- 1957 ballot measures
- List of Alabama ballot measures
- History of Initiative & Referendum in Alabama
External links
Footnotes
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State of Alabama Montgomery (capital) |
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