Oklahoma State Question 370, Common School Funds Investment Amendment (July 1956)
| Oklahoma State Question 370 | |
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| Election date |
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| Topic Education and State and local government budgets, spending, and finance |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oklahoma State Question 370 was on the ballot as a legislatively referred constitutional amendment in Oklahoma on July 3, 1956. It was defeated.
A "yes" vote supported removing the provision allowing the Commissioners of the Land Office to invest educational funds in loans secured by first mortgages on real estate given by resident veterans exceeding 50% of the land's reasonable valuation without improvements. |
A "no" vote opposed removing the provision allowing the Commissioners of the Land Office to invest educational funds in loans secured by first mortgages on real estate given by resident veterans exceeding 50% of the land's reasonable valuation without improvements. |
Election results
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Oklahoma State Question 370 |
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| Result | Votes | Percentage | ||
| Yes | 127,241 | 38.57% | ||
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202,682 | 61.43% | ||
Text of measure
Ballot title
The ballot title for State Question 370 was as follows:
| “ | Shall an amendment to the Constitution of the State of Oklahoma amending Section 6 of Article XI thereof so as to delete therefrom the paragraph thereof which authorized the Commissioners of the Land Office of the State of Oklahoma to invest the common school funds and other educational funds under its control in loans secured by first mortgages on real estate given by resident veterans of the armed services of the United States and its allies in excess of fifty per centum (50%) of the reasonable valuation of the mortgaged lands without improvements, be approved by the people? | ” |
Path to the ballot
- See also: Amending the Oklahoma Constitution
A simple majority vote is required during one legislative session for the Oklahoma State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 51 votes in the Oklahoma House of Representatives and 24 votes in the Oklahoma State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
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