Provisions
XI.5 proposed for 1916 • Specie payments.
REJECTED
The Text
The legislature shall have no power to pass any law sanctioning in any manner, directly or indirectly, the suspension of specie payments, by any person, association or corporation, issuing bank notes of any description.
A Few Facts
• Has 34 words
• Was proposed by the Constitutional Convention
• Went to NYS voters as proposed amendment 4 of 1915
If New Yorkers voted to approve this provision, it would have:
• Joined the Constitution in 1916
• Been in Article XI: Corporations; municipal debts; boards and commissions
• Re-upped the text of a previously existing provision
• Amended or built on:
◦ 1895-VIII.5
Credits
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