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.
Popular Vote Results
Y: 351424; A: 59.2; N: 241778; B: 40.8
Assembly Constitutional Amendment
Code Sections Affected
Amended Cal. Const. art. XI, section 16 1/2.
C. C. Spalding, Assemblyman Forty-fifth Assembly District; Arthur A. Weber, Assemblyman Sixty-second Assembly District
DEPOSIT OF PUBLIC MONEYS California Proposition 23 (1922).