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Show I i ConstitutionalAmendment Constitutional Amendment AmendmentLiability Liability Uabliity of Stockholder Stodf.holdera Stodfholdera Stockholders . * of Bank Ranb Banks BanksA * II IIUabliity A IOINT IO/NT IO NT JOINT / . RESOLUTION RE.SOLUTION PROPOS PROPOSINC PROPOSINC INC TO AMEND SECTION 18 18ARTICLE 18ARTICLE 18ARTICLE ARTICLE XII Xli OF THE CON CONSTI CONSTITUTION CONSTITUT iTl iTlTUTION < TUTION ION OF THE STATE OFUTAH OF OFUTAH OFUTAH UTAH RELATING RELATINC TO LJADlL LiAf3IL LiAf3ILITY LJADlLITY LIADILITY ITY OF STOCKHOLDERS OFBANKS OFBANKS OF OFBANKS BANKSBe BANKS B Be . it d . , enacted enocl.d enocld . " ty by )1 1 ) the ih , h . Leulal Lttislalve Legulai.r Legulair , . ' . of th 11 > * . S'a Sa Stan Slalf ' ' . of .f f .f'ah ofItch . ( Utah /'ah 'ah ah ( / Itch ' 190 Imo ' ' 0 ihinit Ih.rJ IhrJ third . . , ol of all till ll the 11 themember . . memller member , . elected elated to ' 0 each house hau . . con concurTI conewrmg curring ewrmg curTI " ' thert here there , n " nSECTION nSECTION SI SECTION < CTION 1 That It la Is proposed proposedto- proposedto proposedo proposedtoamend ! to- to toamend o - - amend section 18 article X11of XIIof XII X11 XIIof of the constitution of the state elate tate of ofUtah ofUtah ofUtah Utah to readSec read Sec Bec 18 The legislature mayprovide may mayvrovlde provide vrovlde by law that the stock stockholders stockholders tockholders holders In 1r , every corporation andjoint and andjoint andJoint joint stock association organized organizedfor for banking purposes or the hold holdI holders holdere holdera I ers ere of anyone any one or more of the theclasses theclasses theclasses classes of stock Issued by any such suchcorporation corporation corvorallon In 1n addition to the theamount theamount \ amount of capital stock subscribedand subscribedand subscribed and fully rully paid by them shall shal1 sbah be beIlndlvld belndivld beIndlvid lndivld lally Jally tally responsible for an add addl addltlon addltlon ( Ilndlvld tlon lion il II ti amount equal to not exceedIng exceedIng exceed Ing the am unt of their stock In Inguch Insuch Insuch guch such corporati corporall corporate n or the Ihe amount oftheir of oftheir their stockof stock of or any Ilny panlculBr vartll'ular vartllular particular ' class classIn classin In such corp corD corps < < ration for all Its debtsind debtssurd debts ind surd nd liabilities of every kindSection hind kind hindSection Section Secllon 2 Tlie The secretary secrelary ofstate of ofIItate ofstate IItate state Is directed to submit thisproi tbls this tblspro1osed thisprof pro1osed prof oaed osed amendment to the elec elecon elecors elecors on ors of o ( the slate slalt state ' at the next gent'Talelectll generalslectkn general gent'Tal gentTal ' electll Blectlin slectkn n In the manner provided byaw byaw by aw awSection Section 3 If a nl I 1 pte ptel I by the thelectors theIleLlors thetlec lectors IleLlors tlec tors of or the state slate tlls tl It Is amend amendnent amendnent ainendnent nent : shall take lake effect the lhe first firsl day daysf dayat sf f January 1941 I 1 lEE E E Monson Secretary Sf'lretary Sflretary ' ofState of ofI ofState ofState I [ State of the State Slate of o ( Utah do doI dohereby dohereby dohereby hereby certify that Ihat the foregoingI foregoing18 foregoingIi foregoing I Ii * a & full true and correct copy o1the of o1 ofthe ofthe \18 18 \ the Constitutional AmeI Amer Ameidment dment pro pro- provosed proposed proposed - posed vosed by the ( he regular session lIesslon of the theleglSlature thelegislature legislature leglSlature of or 1939 aa as the tbe same sameappean sameappear sameappean ! appean appear . of record In my office ofce oirtce of\ of oirtcefn ! \ ce In fn wltne witness whereof I 1 have here bere- bere here- bereunto hereunto hereunto - - unto set et my hand band and affixed aIDxed theI theGreat the I Great Seal of the State Sta te of UtahthUi Utah Utahthu Utahthis | thu this 26th day of August 1940Secretary 1940 19 < 0 _ r 'tU tU ' t \ Secretary Becret&J"1 BecretJ1 & " of Stat Stet StBta . . . |