Banking Laws of the State of Missouri: Revision 1919 (Classic Reprint)

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Excerpt from Banking Laws of the State of Missouri: Revision 1919

Sec. 26. Act creating banks to be submitted to the people. No act of the general assembly authorizing or creating corpora tions or associations with banking powers (except banks of deposit or discount), nor amendments thereto, shall go into effect, or in any manner be enforced, unless the same shall be submitted to a vote of the qualified voters of the state, at the general election next succeeding the passage of the same, and be approved by a majority of the votes cast at such election.

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