New York Amendment 3, Issuance of Capital Stock by Savings Banks Amendment (1983)
| New York Amendment 3 | |
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| Election date |
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| Topic Banking policy |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
New York Amendment 3 was on the ballot as a legislatively referred constitutional amendment in New York on November 8, 1983. It was approved.
A “yes” vote supported removing constitutional limits on capital stock and trustee interests of savings institutions. |
A “no” vote opposed removing constitutional limits on capital stock and trustee interests of savings institutions. |
Election results
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New York Amendment 3 |
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| Result | Votes | Percentage | ||
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1,617,862 | 60.97% | ||
| No | 1,035,645 | 39.03% | ||
Text of measure
Ballot title
The ballot title for Amendment 3 was as follows:
| “ | Shall the proposed amendment to section three of article X of the Constitution, including savings and loan associations within its provisions on forming restrictions upon the issuance of capital stock by savings banks and by institutions for savings, and removing certain restrictions upon their trustees and directors, be approved? | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the New York Constitution
A simple majority vote is required during two successive legislative sessions for the New York State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 126 votes in the New York State Assembly and 32 votes in the New York State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
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State of New York Albany (capital) |
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