The Legislature may provide by general law for the creation, organization, and regulation of banking institutions.

[Editor’s note. – The amendment of this section was proposed by House Joint Resolution No. 3, Acts, Regular Session,, 1937, p. 581; submitted by Acts, Regular Session, 1937, c. 7; and ratified November 8, 1938. This section, prior to its amendment, read as follows: “The Legislature may provide, by general banking law, for the creation and organization of banks of issue or circulation, but the stockholders of any bank hereafter authorized by the laws of this State, whether of issue, deposit or discount, shall be personally liable to the creditors thereof over and above the amount of stocks held by them respectively to an amount equal to their respective shares so held, for all its liabilities accruing, while they are such stockholders.”]