California Proposition 11, Stock in Mutual Water Companies Amendment (1940)
| California Proposition 11 | |
|---|---|
 | |
| Election date November 5, 1940 | |
| Topic Business regulation | |
Status Approved | |
| Type Constitutional amendment | Origin State legislature |
California Proposition 11 was on the ballot as a legislatively referred constitutional amendment in California on November 5, 1940. It was approved.
A “yes” vote supported allowing the state to have stocks in mutual water companies when such ownership is required to secure a water supply and allowing the state to have the same rights as other stock owners. |
A “no” vote opposed allowing the state to have stocks in mutual water companies when such ownership is required to secure a water supply and allowing the state to have the same rights as other stock owners. |
Election results
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California Proposition 11 |
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|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
1,151,911 | 58.70% | ||
| No | 810,549 | 41.30% | ||
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- Results are officially certified.
- Source
Text of measure
Ballot title
The ballot title for Proposition 11 was as follows:
| “ | Permitting State to Own Shares in Mutual Water Companies | ” |
Ballot summary
The ballot summary for this measure was:
| “ | Assembly Constitutional Amendment 71. Adds section 31d to Article IV of Constitution. Declares State may hold and hereafter acquire shares of stock in mutual water companies when incident to ownership of land heretofore or hereafter acquired by State or necessary to secure water supply required by State institution, department or agency. Declares State, when holding such stock, entitled to rights, powers and privileges and subject to obligations and liabilities conferred or imposed by law upon other stockholders in same company. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the California Constitution
A two-thirds vote was needed in each chamber of the California State Legislature to refer the constitutional amendment to the ballot for voter consideration.
See also
External links
Footnotes
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State of California Sacramento (capital) |
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