Nebraska Amendment 2, Preferred Stock Amendment (1960)
| Nebraska Amendment 2 | |
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| Election date |
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| Topic Business regulations |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Nebraska Amendment 2 was on the ballot as a legislatively referred constitutional amendment in Nebraska on November 8, 1960. It was approved.
A "yes" vote supported authorizing the legislature to decide whether preferred stockholders have voting rights and whether their stock is of equal par value with other stock. |
A "no" vote opposed authorizing the legislature to decide whether preferred stockholders have voting rights and whether their stock is of equal par value with other stock. |
Election results
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Nebraska Amendment 2 |
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| Result | Votes | Percentage | ||
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230,472 | 57.49% | ||
| No | 170,442 | 42.51% | ||
Text of measure
Ballot title
The ballot title for Amendment 2 was as follows:
| “ | Constitutional amendment to provide that preferred stockholders may or may not have a vote and that preferred stock may or may not be of equal par value of all stock of the corporation. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Nebraska Constitution
A 60% supermajority vote is required during one legislative session for the Nebraska State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 30 votes in the unicameral legislature, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot. A simple majority vote is required for voter approval. However, the number of affirmative votes cast for the measure must be greater than 35% of the total votes cast in the election. This also applies to citizen initiatives.
See also
External links
Footnotes
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State of Nebraska Lincoln (capital) |
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