Proposition Summary

Assembly Constitutional Amendment 16. Ratifies District Finance Act of 1933. Authorizes $55,000,000 State bonds to refinance irrigation and reclamation districts by purchasing and canceling their outstanding bonds when recommended by California Districts Securities Commission. State receiving therefor districts' refunding bonds coinciding as nearly as practicable in maturity dates and amounts with State bonds issued; permits State to resell refunding bonds; prohibits district issuing additional bonds without Commission's consent while refunding bonds outstanding; empowers Commission to levy district assessments to pay refunding bonds should district not levy same.

Proposition Number

6

Year

1933

Document Type

Proposition

Pass/Fail

Fail

Popular Vote Results

Y: 444998; A: 41.3; N: 631230; B: 58.7

Election Type

Special Election

Proposition Type

Assembly Constitutional Amendment

For Author

J. E. Thorp, Assemblyman, Twelfth Assembly District; C. Ray Robinson, Assemblyman, Thirty-third Assembly District

Against Author

Frank W. Wright, Assemblyman Fiftieth District

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