Section 3. Bonds Exempt from Taxation

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Summary: Repeals authority of state to issue bonds to fund the Rural Credits Loan Fund, to be loaned on farm mortgages

Election Date: November 3, 1942

Votes For Ratification: 101425

Votes Against Ratification: 88857

Percent for Ratification: 53%

Percent Against Ratification: 47%

Notes:

Amendment Source: 1941 SJR 1

Effective Date Source:

Bonds Exempt from Taxation

Said bonds shall be issued in denominations of $25, $100, $500, and $1,000, and shall be issued in series of $50,000 or multiples thereof, drawn to mature in not more than thirty-six years. They shall bear interest at the rate of four per cent per annum and shall be exempt from all taxes levied by the state of Oregon, or any of its subdivisions.

Summary: Adding new article on rural credits

Election Date: November 7, 1916

Votes For Ratification: 107488

Votes Against Ratification: 83887

Percent for Ratification: 56%

Percent Against Ratification: 44%

Notes: One ballot measure added the new article XIa

Amendment Source: OR 1916 VIP A11a S1 11

Effective Date Source: