Alabama Economic Development, Amendment 1 (1954)
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The Alabama Economic Development, Amendment 1, also known as Amendment 1, was on the ballot in Alabama on November 2, 1954, as a legislatively referred constitutional amendment. It was approved. The amendment proposed to amend the constitution. The amendment proposed that the municipalities of Haleyville and Double Springs in Winston County would be authorized to acquire and dispose of all kinds of property, to promote the development of these municipalities and the location of any industries or businesses within, to become a stockholder in any corporation, association or company, to lend their credit or grant public money and things of value 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 public corporations or authorities and to delegate to such public corporations or authorities all powers or authorities granted by such proposed amendment to such municipalities. Neither municipality shall make any engagement or commitment, or undertake any project unless and until the provision has been approved by a majority of the electors of the respective municipalities.[1]
Election results
Alabama Amendment 1 (1954) | ||||
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Result | Votes | Percentage | ||
![]() | 46,580 | 57.87% | ||
No | 33,911 | 42.13% |
Election results via: Alabama Official and Statistical Register, 1955
See also
- Alabama 1954 ballot measures
- 1954 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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