Proposition Prop. 4 - For the Constitutional Amendment giving the Legislature authority to classify loans and lenders, license and regulate lenders, define interest and fix maximum rates of interest; and providing for a maximum rate of interest of ten per centum (10%) per annum in the absence of legislation fixing maximum rates of interest.
Outcome: AdoptedElection date: 11/08/1960
Votes for: 1,088,993
Votes against: 369,132
Article 16 :
Analyses of proposed amendments:
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the November 8, 1960 election.
University of Texas at Austin Amendments Proposed for the November 8, 1960 election.
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