Texas Proposition 1, Liability of State Bank Stockholders Amendment (August 1937)
| Texas Proposition 1 | |
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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 |
Texas Proposition 1 was on the ballot as a legislatively referred constitutional amendment in Texas on August 23, 1937. It was approved.
A "yes" vote supported providing for the amount of liability of state bank stockholders. |
A "no" vote opposed providing for the amount of liability of state bank stockholders. |
Election results
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Texas Proposition 1 |
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| Result | Votes | Percentage | ||
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66,959 | 63.55% | ||
| No | 38,410 | 36.45% | ||
Text of measure
Ballot title
The ballot title for Proposition 1 was as follows:
| “ | Proposing an amendment to Section 16, Article XVI, of the Constitution of Texas, providing that the Legislature shall authorize the incorporation of banking bodies and provide for the supervision and regulation of same. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Texas Constitution
A two-thirds vote was needed in each chamber of the Texas State Legislature to refer the constitutional amendment to the ballot for voter consideration.
The constitutional amendment was introduced into the Texas State Legislature as Senate Joint Resolution 9 during the 45th regular legislative session in 1937.[1]
See also
External links
Footnotes
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