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The Bismarck Tribune
Bismarck, Mandan, Burleigh County, Morton County, North Dakota
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Minnesota Governor Floyd B. Olson issued his first veto of the 1933 session on February 3, rejecting a bank moratorium bill allowing up to 15-day holidays, and recommended re-passage with a January 1935 expiration date.
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St. Paul, Feb. 3.-(P)-Using his veto power for the first time in the 1933 legislative session, Governor Floyd B. Olson Friday returned unsigned the bank moratorium bill, which would permit "holidays" up to 15 days' duration under supervision of the state banking commissioner.
The chief executive recommended the legislature to re-pass the act with an amendment providing for the termination of its operation in January, 1935, instead of an indefinite extension.
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Domestic News Details
Primary Location
St. Paul
Event Date
February 3, 1933
Key Persons
Outcome
the bank moratorium bill was vetoed; recommended re-passage with amendment to terminate operation in january 1935
Event Details
Governor Floyd B. Olson used his veto power for the first time in the 1933 legislative session to return unsigned the bank moratorium bill, which would permit bank holidays up to 15 days under state banking commissioner supervision. He recommended the legislature re-pass the act with an amendment for termination in January 1935 instead of indefinite extension.