California Proposition 5, Boulder Dam Completion Celebration Bond Measure (1936)

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California Proposition 5
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Election date
November 3, 1936
Topic
Bond issues
Status
Defeatedd Defeated
Type
Bond issue		Origin
State Legislature

California Proposition 5 was on the ballot as a bond issue in California on November 3, 1936. It was defeated.

A “yes” vote supported allowing for the issuance of bonds up to $5,000,000 for a celebration of the completion of the Boulder Dam and establishing the terms of such bonds.

A “no” vote opposed allowing for the issuance of bonds up to $5,000,000 for a celebration of the completion of the Boulder Dam and establishing the terms of such bonds.


Election results

California Proposition 5

Result Votes Percentage
Yes 645,279 38.90%

Defeated No

1,013,332 61.10%
Results are officially certified.
Source


Text of measure

Ballot title

The ballot title for Proposition 5 was as follows:

“Los Angeles County Exposition Bonds”

Ballot summary

The ballot summary for this measure was:

“ Assembly Constitutional Amendment 33. Adds section 18a to Article XI of Constitution. Authorizes Los Angeles County, upon assent of two-thirds qualified electors voting thereon, to incur an indebtedness, not exceeding five million dollars, and issue tax exempt bonds therefor; funds to be used by Pacific Exposition, a corporation to finance, under conditions prescribed by county board of supervisors, an exposition in said county commemorating completion of Boulder Dam. Bonds to mature within forty years; interest not exceeding six per cent annually. County directed to levy special annual property tax for interest and sinking fund requirements.”

Full Text

The full text of this measure is available here.


Path to the ballot

A simple majority vote was needed in each chamber of the California State Legislature to refer the measure to the ballot for voter consideration.

See also

1936 Measures

California

News and analysis


External links

Footnotes

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1936 ballot measures 1936 ballot measures
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