Alabama County Economic Investment, Amendment 4 (1950)
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The Alabama County Economic Investment, Amendment 4, also known as Amendment 4, was on the ballot in Alabama on November 7, 1950, as a legislatively referred constitutional amendment. It was approved. The amendment proposed to amend the constitution. The amendment proposed that each municipality in Marion County be authorized to acquire and dispose of all kinds of property, to promote the development of the municipalities in Marion County and the location of new industries or businesses, to become a stockholder in any corporation, association or company, to lend its credit or grant public money in aid of individuals, firms, associations and corporations, to become indebted and issue and sell securities, to levy and collect a special ad valorem tax and to pledge to the payment of its securities the proceeds of such special tax and other incomes, to create a public corporation or authority and delegate to such public corporation or authority all powers or authorities granted by this amendment to such municipalities.[1]
Election results
| Alabama Amendment 4 (1950) | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 Yes | 39,830 | 52.76% | ||
| No | 35,668 | 47.24% | ||
Election results via: Alabama Official and Statistical Register, 1951
See also
- Alabama 1950 ballot measures
- 1950 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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