Oregon Measure Nos. 300-301, Alternatives Ways to Secure Bank Deposits Amendment (1944)
| Oregon Measure Nos. 300-301 | |
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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 |
Oregon Measure Nos. 300-301 was on the ballot as a legislatively referred constitutional amendment in Oregon on November 7, 1944. It was approved.
A "yes" vote supported authorizing banks to secure depositors through membership in the federal deposit insurance corporation while maintaining double liability. |
A "no" vote opposed authorizing banks to secure depositors through membership in the federal deposit insurance corporation while maintaining double liability. |
Election results
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Oregon Measure Nos. 300-301 |
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| Result | Votes | Percentage | ||
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228,744 | 66.40% | ||
| No | 115,745 | 33.60% | ||
Text of measure
Ballot title
The ballot title for Measure Nos. 300-301 was as follows:
| “ | AMENDMENT TO PROVIDE ALTERNATIVE MEANS FOR SECURING BANK DEPOSITORS - Purpose: To amend section 3, Article XI of the Oregon Constitution which now makes stockholders of corporations or joint stock companies carrying on a banking business liable for the indebtedness of the corporation or company to double the amount of their stock at par value; continuing such double liability but authorizing banking corporations in lieu thereof to provide security through membership in the federal deposit insurance corporation or other instrumentality of the United States or otherwise for the benefit of the depositors equivalent in amount to such double liability of said stockholders. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Oregon Constitution
A simple majority vote is required during one legislative session for the Oregon State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 31 votes in the Oregon House of Representatives and 16 votes in the Oregon 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 Oregon Salem (capital) |
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