North Dakota Deposits Closed Bank Bond Initiative (1928)

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The North Dakota Deposits Closed Bank Bond Initiative was on the November 6, 1928 ballot in North Dakota as an initiated constitutional amendment, where it was defeated.[1] The measure would have authorized a 25 million bond issue for the state to indemnify state depositors who lost money in bank closings between January 1, 1910 and May 15, 1928.[2]

Election results

North Dakota Initiative (1928)
ResultVotesPercentage
Defeatedd No218,27089.81%
Yes 24,755 10.19%

Election results via: Legislative Manual, Official vote of North Dakota General Election, 1928

Text of measure

The measure would have authorized a 25 million bond issue for the state to indemnify state depositors who lost money in bank closings between January 1, 1910 and May 15, 1928.[2]

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Footnotes

  1. ↑ Legislative Manual, "Official vote of North Dakota General Election, 1928," accessed March 5, 2014
  2. ↑ 2.0 2.1 Initiative and Referendum Institute, "North Dakota Statewide Initiatives," accessed March 5, 2014
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