Iowa Constitution
Article VIII - CORPORATIONS.
§ 5 Banking associations.
No Act of the general
assembly, authorizing or creating corporations or associations with
banking powers, nor amendments thereto shall take effect, or in any
manner be in force, until the same shall have been submitted,
separately, to the people, at a general or special election, as provided
by law, to be held not less than three months after the passage of the
Act, and shall have been approved by a majority of all the electors
voting for and against it at such election.
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