Assembly Constitutional Amendment 33. Amends Section 16 ½ of Article XI of Constitution. Extends to any public or municipal corporation within this State provisions of said section permitting deposit in national or state banks within this State or moneys belonging to or in custody of the State, or any county or municipality thereof: also extends to such public or municipal corporation provisions of said section permitting deposit in banks outside this State of moneys for payment of principal or interest of bonds Issued by such corporation and payable at places outside this State.
Popular Vote Results
Y: 873288; A: 62.7; N: 519092; B: 37.3
Assembly Constitutional Amendment
Code Sections Affected
Amended Cal. Const. art. XI, section 16 1/2.
G. M. Biggar, Assemblyman, 6th District; William G. Bonelli, Assemblyman, 54th District
DEPOSIT OF PUBLIC MONEYS California Proposition 15 (1932).