Assembly Constitutional Amendment 71. Adds section 31d to Article IV of Constitution. Declares State may hold and hereafter acquire shares of stock in mutual water companies when incident to ownership of land heretofore or hereafter acquired by State or necessary to secure water supply required by State institution, department or agency. Declares State, when holding such stock, entitled to rights, powers and privileges and subject to obligations and liabilities conferred or imposed by law upon other stockholders in same company.
Popular Vote Results
Y: 1151911; A: 58.7; N: 810549; B: 41.3
Assembly Constitutional Amendment
Code Sections Affected
Added Cal. Const. art. IV, section 31d.
Godfrey A. Andreas, Member of the Assembly, Seventy-second District.; Hugh M. Burns, Member of the Assembly, Thirty-sixth District.
PERMITTING STATE TO OWN SHARES IN MUTUAL WATER COMPANIES California Proposition 11 (1940).