Alabama Municipal Economic Development, Amendment 3 (1953)
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The Alabama Municipal Economic Development, Amendment 3, also known as Amendment 3, was on the ballot in Alabama on December 15, 1953, as a legislatively referred constitutional amendment. It was defeated. The amendment proposed to amend the constitution. The amendment proposed that each municipality in Franklin County be authorized to acquire and dispose of all kinds of property to promote the development of the municipalities in Franklin County and the location of new industries or businesses, to become a stockholder in any corporation, association or company, to lend its credit or grant public money and things of value in aid of individuals, firms, associations and corporations, to become indebted and issue and sell securities, to levy and collect a special ad valorem tax and to pledge to the payment of its securities the proceeds of such special tax and other incomes, to create a public corporation or authority and to delegate to such a public corporation or authority all powers or authorities granted by such proposed amendment to such municipalities.[1]
Election results
| Alabama Amendment 3 (December 1953) | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| 39,718 | 55.88% | |||
| Yes | 31,363 | 44.12% | ||
Election results via: Alabama Official and Statistical Register, 1955
See also
- Alabama 1953 ballot measures
- 1953 ballot measures
- List of Alabama ballot measures
- History of Initiative & Referendum in Alabama
External links
Footnotes
