H-449                _______________________________________________

                                            HOUSE JOINT RESOLUTION NO. 5

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State of Washington                              49th Legislature                              1985 Regular Session

By Representative O'Brien

Read first time 1/23/85 and referred to Committee on Trade & Economic Development.

BE IT RESOLVED, BY THE SENATE AND HOUSE OF REPRESENTATIVES OF THE STATE OF WASHINGTON, IN LEGISLATIVE SESSION ASSEMBLED:

          THAT, At the next general election to be held in this state there shall be submitted to the qualified voters of the state for their approval and ratification, or rejection, an amendment to the Constitution of the State of Washington to repeal Article VIII, sections 5 and 7 and Article XII, section 9; to amend Article XII, section 1 to read as follows; and to enact a new article to read as follows:

Article XII, section 1.          ((Corporations may be formed under general laws, but shall not be created by special acts.))  All laws relating to corporations may be altered, amended or repealed by the legislature at any time, and all corporations doing business in this state may, as to such business, be regulated, limited or restrained by law.

Article..., section 1.             Except for the necessary support of the poor and infirm or for other public purposes as authorized by legislation, neither the state nor any county, city, town, or other municipal corporation shall give any money or property, loan its money or credit, to or in aid of any individual, association, company, or corporation or become directly or indirectly the owner of any stock in or bonds of any association, company, or corporation, or form any corporation.

BE IT FURTHER RESOLVED, That the legislature finds the changes contained in this resolution to constitute a single amendment and that these changes be submitted to the voters as a single amendment.

          BE IT FURTHER RESOLVED, That the secretary of state shall cause notice of the foregoing constitutional amendment to be published at least four times during the four weeks next preceding the election in every legal newspaper in the state.