Senate Constitutional Amendment No.1. Adds Section 6 to Article XVI of Constitution. Authorizes issue and sale of one hundred million dollars ($100,000,000) in state bonds to provide funds to be used by Veterans Welfare Board in assisting California war veterans to acquire farms and homes. Brings into operation and validates Veterans Bond Act of 1949, governing manner of issuing, selling and redeeming such bonds.
Popular Vote Results
Senate Constitutional Amendment
Nelson S. Dilworth, State Senator, Riverside County; Louis G. Sutton, State Senator, Colusa, Glenn and Tehama Counties, Chairman, Senate Committee on Military and Veterans Affairs; Richard H. McCollister, Assemblyman, Marin and Sonoma Counties, Chairman, Committee on Military Affairs
VETERANS FARM AND HOME BONDS California Proposition 1 (1950).