Present section unchanged but proviso added authorizing Alameda county, at election therefor, to incur bonded indebtedness not exceeding $1,000,000, bearing interest not exceeding five per cent, bonds redeemable within forty years and salable at not less than par, proceeds payable on terms fixed by supervisors to Panama-Pacific International Exposition Company for exposition in San Francisco; authorizing special tax upon all taxable property in Alameda county to pay interest and create sinking fund for payment of said bonds.
Popular Vote Results
Y: 390835; A: 65.9; N: 202128; B: 34.1
Senate Constitutional Amendment
Code Sections Affected
Amended Cal. Const. art. XI, section 18.
Geo. J. Hans, State Senator Fourteenth District; Edward J. Tyrrell, State Senator Sixteenth District
EXPOSITION CONTRIBUTION BY ALAMEDA COUNTY California Proposition 7 (1914).