Session of 1998
                   
House Concurrent Resolution No. 5055
         
By Committee on Appropriations
         
3-31
            9             A PROPOSITION to amend section 2 of article 13 of the constitution of
10             the state of Kansas, relating to banks.
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13             Be it resolved by the Legislature of the State of Kansas, two-thirds of the
14             members elected (or appointed) and qualified to the House of Repre-
15             sentatives and two-thirds of the members elected (or appointed) and
16             qualified to the Senate concurring therein:
17                 Section 1. The following proposition to amend the constitution of the
18             state of Kansas shall be submitted to the qualified electors of the state
19             for their approval or rejection: Section 2 of article 13 of the constitution
20             of the state of Kansas is hereby amended to read as follows:
21                   § 2. State not to be stockholder. The state shall not be a stock-
22                   holder in any banking institution, except that any retirement or pension
23                   plan authorized pursuant to the laws of this state may be a stockholder
24                   in any banking institution.
25                 Sec. 2. The following statement shall be printed on the ballot with
26             the amendment as a whole:
27                    ``Explanatory statement. The purpose of this amendment is to allow
28                   any retirement or pension plan authorized pursuant to the laws of this
29                   state to be a stockholder in any banking institution.
30                    ``A vote for this amendment would allow any retirement or pension
31                   plan authorized pursuant to the laws of this state to be a stockholder
32                   in any banking institution.
33                    ``A vote against this amendment favors retaining the current prohi-
34                   bition against the state and any retirement or pension plan authorized
35                   pursuant to the laws of this state from being a stockholder in any
36                   banking institution.''
37                 Sec. 3. This resolution, if approved by two-thirds of the members
38             elected (or appointed) and qualified to the House of Representatives and
39             two-thirds of the members elected (or appointed) and qualified to the
40             Senate, shall be entered on the journals, together with the yeas and nays.
41             The secretary of state shall cause this resolution to be published as pro-
42             vided by law and shall cause the proposed amendment to be submitted
43             to the electors of the state at the general election in the year 1998 unless
44             a special election is called at a sooner date by concurrent resolution of

HCR 5055

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