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     9   A PROPOSITION to amend section 2 of article 13 of the constitution of
     10   the state of Kansas, relating to banks.
     11
     12  Be it resolved by the Legislature of the State of Kansas, two-thirds of the
     13  members elected (or appointed) and qualified to the Senate and two-
     14  thirds of the members elected (or appointed) and qualified to the House
     15  of Representatives concurring therein:
     16  Section 1.  The following proposition to amend the constitution of the
     17  state of Kansas shall be submitted to the qualified electors of the state
     18  for their approval or rejection: Section 2 of article 13 of the constitution
     19  of the state of Kansas is hereby amended to read as follows:
     20    (section) 2.  State not to be stockholder. The state shall not be a stock-
     21  holder in any banking institution, except that any retirement or pension
     22  plan authorized pursuant to the laws of this state may be a stockholder
     23  in any banking institution.
     24    Sec. 2.  The following statement shall be printed on the ballot with
     25  the amendment as a whole:
     26    ``Explanatory statement. The purpose of this amendment is to allow
     27  any retirement or pension plan authorized pursuant to the laws of this
     28  state to be a stockholder in any banking institution.
     29    ``A vote for this amendment would allow any retirement or pension
     30  plan authorized pursuant to the laws of this state to be a stockholder
     31  in any banking institution.
     32    ``A vote against this amendment favors retaining the current prohi-
     33  bition against the state and any retirement or pension plan authorized
     34  pursuant to the laws of this state from being a stockholder in any
     35  banking institution.''
     36    Sec. 3.  This resolution, if approved by two-thirds of the members
     37  elected (or appointed) and qualified to the Senate and two-thirds of the
     38  members elected (or appointed) and qualified to the House of Repre-
     39  sentatives, shall be entered on the journals, together with the yeas and
     40  nays. The secretary of state shall cause this resolution to be published as
     41  provided by law and shall cause the proposed amendment to be submitted
     42  to the electors of the state at the general election in the year 1998 unless
     43  a special election is called at a sooner date by concurrent resolution of
     SCR1604
                              

     1  the legislature, in which case it shall be submitted to the electors of the
     2  state at the special election.