The Alabama State Bonds, Amendment 1, also known as Amendment 1, was on the ballot in Alabama on December 11, 1951, 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 sell and issue interest bearing state bonds, in addition to those already authorized and sold, in an aggregate principal amount not exceeding $25,000,000, for the purpose of aiding in the acquisition, construction, and improvement of public roads, highways, and bridges; provided that the proceeds from any bond sold would be used for no other purpose than to match funds which have been heretofore or may be hereafter allocated to the State under any law of the United States for this purpose. The bonds issued hereunder shall be general obligation bonds and shall bear interest at a rate or rates not greater than three percent per annum, payable semiannually, and none of the bonds shall be sold at less than face value.[1]
Election results
Alabama Amendment 1 (December 1951) |
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Result | Votes | Percentage |
a Yes | 89,542 | 57.37% |
No | 66,546 | 42.63% |
Election results via: Alabama Official and Statistical Register, 1951
See also
External links