Oregon Measure Nos. 316-317, Creation of State Bank Initiative (1936)
| Oregon Measure Nos. 316-317 | |
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| Topic Administration of government and Banking policy |
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| Status |
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| Type Initiated state statute |
Origin |
Oregon Measure Nos. 316-317 was on the ballot as an initiated state statute in Oregon on November 3, 1936. It was defeated.
A "yes" vote supported creating the state-owned and operated Bank of Oregon, with the governor, secretary of state, state treasurer, attorney general, and labor commissioner as the board of directors. |
A "no" vote opposed creating the state-owned and operated Bank of Oregon, with the governor, secretary of state, state treasurer, attorney general, and labor commissioner as the board of directors. |
Election results
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Oregon Measure Nos. 316-317 |
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| Result | Votes | Percentage | ||
| Yes | 82,869 | 24.84% | ||
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250,777 | 75.16% | ||
Text of measure
Ballot title
The ballot title for Measure Nos. 316-317 was as follows:
| “ | STATE BANK BILL - Purpose: Creating the state owned and operated "Bank of Oregon" with the governor, secretary of state, state treasurer, attorney general and labor commissioner as board of directors, which shall appoint manager; to do a general banking business; be exclusive state fiscal agent, and depository all moneys of the state, counties, cities, districts, political subdivisions, legal receivers, trustees, administrators, executors and officials; fix its interest rates paid and received; have county agent banks; all deposits guaranteed; may deposit funds in any Oregon bank which gives same security as state depositories; officials so depositing and their sureties exempted from liability for such deposits. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
The number of signatures required for an initiated state statute was equal to 8% of the total votes cast in the last Supreme Court justice election.
See also
External links
Footnotes
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State of Oregon Salem (capital) |
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