Oregon Stockholders Liable to Depositors, Measure 7 (1912)

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The Oregon Stockholders Liable to Depositors Amendment, also known as Measure 7, was on the November 5, 1912 ballot in Oregon as a legislatively-referred constitutional amendment, where it was approved. The measure made stockholders liable to pay depositors an amount equal to their held stock and what they originally paid for the stock.[1]

Measure 7 amended Section 3 of Article XI of the Oregon Constitution.[2]

Election results

Oregon Measure 7 (1912)
ResultVotesPercentage
Approveda Yes 82,981 79.24%
No21,73820.76%

Election results via: Oregon Blue Book

Text of measure

The language appeared on the ballot as:[1]

Referred to the People by the Legislative Assembly

For constitutional amendment of Section 3, Article XI, of the Constitution, making stockholders in banking corporations liable to pay for the benefit of depositors an amount equal to the par value of the stock held by any stockholder in addition to having originally paid the par value therefor. --- Vote YES or NO.

312. Yes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

313. No . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [3]

Path to the ballot

Measure 7 was proposed by the Legislative Assembly. It was filed in the office of the Secretary of State on March 7, 1911.[1]

See also

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Suggest a link

External links

References

  1. 1.0 1.1 1.2 Oregon State Library, "State of Oregon Official Voters' Pamphlet," accessed November 1, 2013
  2. Oregon Blue Book, "Oregon State Constitution," accessed November 1, 2013
  3. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.