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Oregon Measure Nos. 312-313, Stockholders Liable to Depositors Amendment (1912)
| Oregon Measure Nos. 312-313 | |
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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. 312-313 was on the ballot as a legislatively referred constitutional amendment in Oregon on November 5, 1912. It was approved.
A "yes" vote supported holding stockholders liable to pay depositors an amount equal to their held stock and what they originally paid for the stock. |
A "no" vote opposed holding stockholders liable to pay depositors an amount equal to their held stock and what they originally paid for the stock. |
Election results
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Oregon Measure Nos. 312-313 |
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| Result | Votes | Percentage | ||
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82,981 | 79.24% | ||
| No | 21,738 | 20.76% | ||
Text of measure
Ballot title
The ballot title for Measure Nos. 312-313 was as follows:
| “ | Referred to the People by the Legislative Assembly For constitutional amendment of Section 3, Article XI, of the Constitution, making stockholders in banking corporations liable to pay for the benefit of depositors an amount equal to the par value of the stock held by any stockholder in addition to having originally paid the par value therefor. --- Vote YES or NO. | ” |
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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