Missouri Amendment 16, Corporate Stock Regulation Measure (February 1924)
| Missouri Amendment 16 | |
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| Election date |
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| Topic Banking policy and Business regulations |
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| Status |
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| Type Constitutional convention referral |
Origin |
Missouri Amendment 16 was on the ballot as a constitutional convention referral in Missouri on February 26, 1924. It was defeated.
A "yes" vote supported amending the Missouri State Constitution to allow legal discounts on corporate notes and bonds, revise requirements for issuing preferred stock, and update regulations for railway companies regarding freight and passenger transport. |
A "no" vote opposed amending the Missouri State Constitution to allow legal discounts on corporate notes and bonds, revise requirements for issuing preferred stock, and update regulations for railway companies regarding freight and passenger transport. |
Election results
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Missouri Amendment 16 |
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| Result | Votes | Percentage | ||
| Yes | 148,792 | 45.70% | ||
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176,822 | 54.30% | ||
Text of measure
Ballot title
The ballot title for Amendment 16 was as follows:
| “ | Amendment No. 16- Article XII.- Corporations.- To amend Sections 8, 10, and 12 of Article XII:- Permits legal discount of notes and bonds of corporations; changes requirements for corporations to issue preferred stock; modifies long and short haul provisions for transportation of freight and passengers by railway companies. | ” |
Path to the ballot
On August 2, 1921, voters approved a constitutional convention question. The convention convened on May 16, 1922, and adjourned on November 6, 1923. It was composed of two delegates from each of the 34 senatorial districts, along with 15 delegates elected at large. Rather than drafting an entirely new constitution, the convention decided to propose a series of 21 separate amendments.[1]
See also
External links
Footnotes
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