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California Proposition 9, Investment Company Regulations Initiative (1914)
| California Proposition 9 | |
|---|---|
 | |
| Election date November 3, 1914 | |
| Topic Administration of government | |
Status Defeated | |
| Type State statute | Origin Citizens |
California Proposition 9 was on the ballot as an initiated state statute in California on November 3, 1914. It was defeated.
A “yes” vote supported authorizing the governor to appoint an auditor of investments to define, regulate and examine investment companies. |
A “no” vote opposed authorizing the governor to appoint an auditor of investments to define, regulate and examine investment companies. |
Election results
|
California Proposition 9 |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 249,500 | 41.36% | ||
|
|
353,812 | 58.64% | ||
Text of measure
Ballot title
The ballot title for Proposition 9 was as follows:
| “ | Regulating Investment Companies | ” |
Ballot summary
The ballot summary for this measure was:
| “ | Initiative act authorizing governor to appoint auditor of investments empowered to employ deputies and fix their compensation, defining investment companies, authorizing examination thereof by auditor and judicial investigation of their practices, defining securities and prohibiting same thereof to public, or taking subscriptions therefor, by such companies before filing with auditor their financial statement and description of security, excepting from act certain companies and individuals, securities thereof and certain installment securities, regulating advertisements and circulars regarding securities, creating fund from official fees for salaries and expenses under act: repeals all laws on subject adopted heretofore or concurrently herewith. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
In California, the number of signatures required for an initiated state statute is equal to 8 percent. For initiated statutes filed in 1914, at least 30,858 valid signatures were required.
See also
External links
Footnotes
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State of California Sacramento (capital) |
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