Proposition Summary

Assembly Constitutional Amendment 26. Amends Section 16 ½ of Article XI of Constitution by extending the provisions permitting the deposit in banks in this state of moneys belonging to the state, county or municipality, to Include moneys in the custody thereof; also extends to other political subdivisions the provisions permitting the state or any county, city and county, city, town or municipality issuing bonds, to deposit moneys in banks outside this state for payment of such bonds at place where payable.

Proposition Number

23

Year

1922

Document Type

Proposition

Pass/Fail

Pass

Popular Vote Results

Y: 351424; A: 59.2; N: 241778; B: 40.8

Election Type

General Election

Proposition Type

Assembly Constitutional Amendment

Code Sections Affected

Amended Cal. Const. art. XI, section 16 1/2.

For Author

C. C. Spalding, Assemblyman Forty-fifth Assembly District; Arthur A. Weber, Assemblyman Sixty-second Assembly District

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