Senate Joint Resolution No. 16–Senators Neal
and Jacobsen

March 15, 1999

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Referred to Committee on Government Affairs

 

SUMMARY—Proposes to amend Nevada Constitution to permit establishment of corporate state bank. (BDR C-828)

FISCAL NOTE: Effect on Local Government: No.

Effect on the State or on Industrial Insurance: No.

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted. Green numbers along left margin indicate location on the printed bill (e.g., 5-15 indicates page 5, line 15).

 

SENATE JOINT RESOLUTION—Proposing to amend the Constitution of the State of

Nevada to permit the Legislature to establish by special act a corporate state bank.

Resolved by the Senate and Assembly of the State of Nevada,

Jointly, That sections 1 and 9 of article 8 of the Constitution of the State

of Nevada be amended to read respectively as follows:

1-1 Section [.] 1. The Legislature shall not pass [no Special Act in any

1-2 manner] any special act relating to corporate powers except for [Municipal

1-3 purposes;] municipal purposes or to establish and provide for a bank

1-4 owned by the state; but corporations may be formed under general laws;

1-5 and all such laws may from time to time [,] be altered or repealed.

1-6 Sec . [:] 9. The State shall not donate or loan money, or its credit, or

1-7 subscribe to or be [,] interested in the Stock of any company, association,

1-8 or corporation, except corporations formed for educational or charitable

1-9 purposes [.] or a banking corporation owned by the state.

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