Assembly Constitutional Amendment 2. Adds section 31c to Article IV of Constitution. Provides that any city of fifth or sixth class may acquire and hold stock of any mutual water company for purpose of furnishing supply of water for public or municipal purposes or for use of city's inhabitants; declares that the holding of such stock shall entitle city to all rights, and subject city to all obligations, given or imposed by law to or upon other holders of stock in such company.
Popular Vote Results
Y: 1014082; A: 73.9; N: 357372; B: 26.1
Assembly Constitutional Amendment
Code Sections Affected
Added Cal. Const. art. IV, section 31c.
A. E. Brock, 73d Assembly District; Charles W. Stream, 80th Assembly District
STOCK OWNERSHIP BY CITIES IN MUTUAL WATER COMPANIES California Proposition 20 (1934).