Oklahoma State Question 125, Depositors' Guaranty Fund Amendment (October 1923)
| Oklahoma State Question 125 | |
|---|---|
|
|
|
| Election date |
|
| Topic State and local government budgets, spending, and finance |
|
| Status |
|
| Type Legislatively referred constitutional amendment |
Origin |
Oklahoma State Question 125 was on the ballot as a legislatively referred constitutional amendment in Oklahoma on October 2, 1923. It was defeated.
A "yes" vote supported authorizing the legislature to pay lawful claims against the Depositors' Guaranty Fund due to state bank failures before the Ninth Legislature, excluding funds collected from direct ad valorem taxes. |
A "no" vote opposed authorizing the legislature to pay lawful claims against the Depositors' Guaranty Fund due to state bank failures before the Ninth Legislature, excluding funds collected from direct ad valorem taxes. |
Election results
|
Oklahoma State Question 125 |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 111,081 | 40.88% | ||
|
|
160,668 | 59.12% | ||
Text of measure
Ballot title
The ballot title for State Question 125 was as follows:
| “ | "That Section 4, of Article 14, of the Constitution, be amended to authorize the legislature to provde for the payment of all lawful demands and claims against the Depositors' Guaranty Fund, by reason of state banks which failed prior to the adjournment of the Ninth Legislature, providing no money collected by direct ad valorem tax shall be used for such purpose." | ” |
Path to the ballot
- See also: Amending the Oklahoma Constitution
A simple majority vote is required during one legislative session for the Oklahoma State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 51 votes in the Oklahoma House of Representatives and 24 votes in the Oklahoma State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
| |||||
