AUTHORIZING CITY OF ESCONDIDO TO HOLD STOCK IN MUTUAL WATER COMPANY

Assembly Constitutional Amendment 14. Adds Section 31b to Article IV of Constitution. Authorizes City of Escondido, California, for purpose of supplying water for public or municipal purposes or for use of its inhabitants, to acquire and hold shares of capital stock of mutual water company or corporation: declares such holding shall entitle city to all rights, powers and privileges and subject it to obligations and liabilities given or imposed by law to or upon other holders of stock in said corporatio