The Alabama Municipal Bonds, Amendment 5, also known as Amendment 5, was on the ballot in Alabama on December 15, 1953, as a legislatively referred constitutional amendment. It was defeated. The amendment proposed to amend the constitution. The amendment proposed that the municipality of Russellville in Franklin County shall have the power and authority to issue bonds not to exceed the amount of $150,000 in order to provide funds to be used for the purpose of acquiring any plant or building existing on the effective date of this amendment. The governing body of the municipality of Russellville is empowered and authorized to lease, rent, mortgage, or sell any plant or building acquired under the provisions of this amendment, and any income derived the above transactions would be used to retire or redeem the bonds provided for in this amendment but the principal and interest on such bonds shall be the general obligation of the municipality of Russellville.[1]
Election results
| Alabama Amendment 5 (December 1953) |
|---|
| Result | Votes | Percentage |
 d No | 37,361 | 54.27% |
| Yes | 31,477 | 45.73% |
Election results via: Alabama Official and Statistical Register, 1955
See also
External links
