California Proposition 2, Public Moneys Deposit Amendment (1918)
| California Proposition 2 | |
|---|---|
 | |
| Election date November 5, 1918 | |
| Topic State and local government budgets, spending, and finance | |
Status Approved | |
| Type Constitutional amendment | Origin State legislature |
California Proposition 2 was on the ballot as a legislatively referred constitutional amendment in California on November 5, 1918. It was approved.
A “yes” vote supported authorizing the state, counties, and municipalities to deposit moneys in national banks. |
A “no” vote opposed authorizing the state, counties, and municipalities to deposit moneys in national banks. |
Election results
|
California Proposition 2 |
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|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
239,203 | 56.95% | ||
| No | 180,856 | 43.05% | ||
Text of measure
Ballot title
The ballot title for Proposition 2 was as follows:
| “ | Deposit of Public Moneys | ” |
Ballot summary
The ballot summary for this measure was:
| “ | Senate Constitutional Amendment 34. Amends Section 16 ½ Article XI of Constitution/ Authorizes state, county or municipality to deposit moneys in national banks within state, or banks organized under laws thereof, as permitted by any law adopted by initiative or by two-thirds vote of each house of legislature approved by governor and subject to referendum, and, when issuing bonds, in banks outside state to pay principal or interest thereof where payable; eliminates provisions requiring security for deposits, interest thereon and limiting amounts thereof, continuing present laws governing deposits until amended or repealed. | ” |
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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