Section 2.

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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:

State Land Board to Issue Bonds

The governor, secretary of state, and state treasurer shall constitute the state land board, which board is hereby authorized and directed to issue and sell or pledge bonds in the name of the state to be known as Oregon farm credit bonds in an amount not to exceed said two per cent of the assessed valuation of all the property in the state, and to place the proceeds in the state treasury in a fund to be known as the "Rural Credits Loan Fund."

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: