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Maine Constitutional Amendment 1, State Guaranteed Loans for Industrial Purposes Amendment (September 1957)
| Maine Amendment 1 | |
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| Election date |
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| Topic Bond issues and Revenue and spending limits |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Maine Amendment 1 was on the ballot as a legislatively referred constitutional amendment in Maine on September 9, 1957. It was approved.
A "yes" vote supported amending the Maine Constitution to allow the state to pledge its credit and issue up to $20 million in bonds to guarantee loans for industrial purposes. |
A "no" vote opposed amending the Maine Constitution to allow the state to pledge its credit and issue up to $20 million in bonds to guarantee loans for industrial purposes. |
Election results
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Maine Amendment 1 |
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| Result | Votes | Percentage | ||
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66,427 | 68.36% | ||
| No | 30,750 | 31.64% | ||
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- Results are officially certified.
- Source
Text of measure
Ballot title
The ballot title for Amendment 1 was as follows:
| “ | Shall the Constitution which now provides that the credit of the State of Maine shall not be directly or indirectly loaned in any case, be amended, as proposed by a resolution of the Legislature Pledging Credit of the State and Providing a Twenty Million Dollar Bond Issue for Guaranteed Loans for Industrial Purposes? | ” |
Path to the ballot
- See also: Amending the Maine Constitution
A two-thirds majority (66.67%) vote is required during one legislative session for the Maine State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 101 votes in the Maine House of Representatives and 24 votes in the Maine State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
Footnotes
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State of Maine Augusta (capital) |
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