Oklahoma State Question 139, Municipal Bond Payments Initiative (1926)
| Oklahoma State Question 139 | |
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| Topic Bond issues |
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| Type Initiated state statute |
Origin |
Oklahoma State Question 139 was on the ballot as an initiated state statute in Oklahoma on November 2, 1926. It was defeated.
A "yes" vote supported requiring all future state bonds to be repaid in equal annual installments beginning at least three years after issuance, sold through advertised sales to the lowest interest rate bidder at or above par. |
A "no" vote opposed requiring all future state bonds to be repaid in equal annual installments beginning at least three years after issuance, sold through advertised sales to the lowest interest rate bidder at or above par. |
Election results
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Oklahoma State Question 139 |
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| Result | Votes | Percentage | ||
| Yes | 114,479 | 40.92% | ||
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165,288 | 59.08% | ||
Text of measure
Ballot title
The ballot title for State Question 139 was as follows:
| “ | "That all bonds hereafter authorized in this State, whether voted funded, or refunding, shall become due and payable in equal annual installments as near as practicable. Payment to begin not less than three years from date. All bond issues aggregating five thousand dollars or more to be sold at advertised sale, all sales to be to the bidder who will pay par and accrued interest for the lowest interest rate bond. Authority to reject all bids and re-advertise bonds for sale. No person to be interested in purchase of bonds who had aided in preparation of procedure for compensation." | ” |
Path to the ballot
In Oklahoma, the number of signatures required for an initiated state statute was equal to 8% of the votes cast in the last general election. In 2010, voters approved State Question 750, which changed the signature requirement to be based on the preceding gubernatorial election. A simple majority vote is required for voter approval.
See also
External links
Footnotes
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