Title
HIGHWAY BONDS
Proposition Summary
Initiative measure adding Section 3 to Article XVI of Constitution. Creates State Highway Finance Board to serve without compensation. Directs cancelation of unsold forty thousand bonds authorized by Section 2 of same article; authorizes other bonds to same amount, to be issued as provided in said section, but at times and interest rate not exceeding six per cent, determined by said board under then prevailing market conditions; makes provisions of said section otherwise govern said bonds and proceeds thereof. Beginning July 1, 1921, relieves counties from payments to state on account of highway construction.
Proposition Number
9
Year
1920
Document Type
Proposition
Pass/Fail
Pass
Popular Vote Results
Y: 435492; A: 58.3; N: 311667; B: 41.7
Election Type
General Election
Proposition Type
Initiative
Code Sections Affected
Added Cal. Const. art. XVI, section 3. Repealed portions of Cal. Const. art. XVI, section 2. Repealed portions of section 8 of "State Highways Act of 1909", as amended by Ch. 414, Statutes of 1915.
For Author
M. B. Johnson, State Senator Eleventh District
Against Author
Will H. Fischer, Director, Taxpayers' Association of California
Recommended Citation
HIGHWAY BONDS California Proposition 9 (1920).
https://repository.uclawsf.edu/ca_ballot_props/138