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Show Constitutional ConstitutionalAmendment Amendment 'I I , ' 'ILiability - Liability of Stockholders Stockholden of Dankw Bank Banks DankwA BanksA . A IOINT JOINT RESOLUTION PROPOS PROPOSINC PROPOSiNC PROPOSINC INC TO AMEND SECTION 18ARTICLE 18 18ARTICLE 18ARTICLE ARTICLE XII OF THE . CONSTI CONSTITUTION CONSTITUTION CONSTITUTION TUTION OF THE STATE OFUTAH OF OFUTAH UTAH RELATING RELATINC TO LJADILITY UABIL LJADIL UABILITY LJAB1LITY ITY OF STOCKHOLDERS OF OFBANKS OFBANKS OFBANKSDf BANKS BANKSDe AN S ' Df Be De t I enacted enac/ed enac ed / ty by 1 > :11 11 : theLeg ihs Ihe the Legslates Lef Leg . stature .laiUTe laiUTe slates of theStale theStale the Stale ot of Utah Vlah ltt tDlO Imo > o Ihrd th Ih iii rd rdi rds . of 01the oil 01/ 01 / ihemembers the themtmberl themembers mtmberl members elected elecled to 10 each house hau.e haue hours . con concurrin concurnng concurring currin curnng , there nSI nSI n nSI SI CTION l 1 That It Is flropcsed propc prop ( sed sedto Bedto 10 to al antnd aneml ! nd section 8t'l'tlon 8tltlon ' ' IS If 18 ! article XII Rii Riiof XIIof XIIof of the Ihe c nstltuti nstltutl nslltuli n < ( t f tt II ti e a state slale of ofUtah ofUtah ofUtah Utah t I readSec read readSec < ; Sec t'c tc ' 18 The Icglslat Ipgl811\1 Ipgl811 1 legislat \ ire may maypr maypr maypr pr vile vi Ie he t I 1 y law that Ihat the Ihe at sl ck ckIh ckh ckh h tiers Iler 1 iers ' ! In every eVt'ry eVtry ' cori con tort rat rail rat ! ) n I\nd I nd and IndJ andJ \ findj Ih J Int lot stock slock assoclati assoclatl associalt n orgl\nlzE'd orgl nlzE'd nlzEd organized organizedfor organizedtor \ ' for tanking tacking purposes IJurposes t ( ir r the Ihe h ld Id Iders 1(1ers 11ers ( ers f anyone any one or m ill re t f Iheclasses theclasses the Ihe classes c ( t f stock Slock ssujid IS8ued Issued t l I y any B s ich l'h lh uh ( ' corporal corporation corporalion Ion In addition addttlon to 10 the theamount theamount theamount amount of capital stock slock subscribed subscribedand subscribedand subscribedand and fully paid by them ahall shall be beIndlvldualJy beindividually beIndividually IndlvldualJy individually responsible tor for an add addl addllion addltlonil I Itlon tlon lion 11 ii amount equal to n t t'xct't'd txcttd exceed exceedtog t'xct't'dIng ' exceedIng ' ' Ing tog the tbe amount of their stock slock In Insuch insuch Insuch such corporation or the amount oftheir of oftheir oftheir their stock slock of any particular IJaTlcular ! class classIn classIn classIn In such corporation corporallon for all alJ Its lIs delis delisnd del to toand tsand and ! nd llabllltlea liabilities of every kindSection kind I | Section Secllon 2 The secretary of o1 ofslate o1state ofstate slate state Is directed to subii Bubo subs It il tl t I1 ! isprol Is Isprolosed Ispro prolosed prol ) oaed ored amendment i t I tie lIe plec vice plecors viceors decors ors of the atate elate state at the Ihe next genera general generalelection generalelection ) election In the manner provided by bylaw bylaw bylaw I ISecllon | lawSection law Section Secllon 3 It If adopted adoplpd by Ihe the Ihe'lectors thelectors the'lectors thelectors 'lectors lectors ' t f the Ihe state 8tate this Ihls amen amt'n amtn ' I Inent Igent 1aaent nent gent : ahall 8halJ shall take lake effect the flrgt tlrst first day dayaf dayif dayat af if January 1941i 1941 I IlEE | lEE I E E Monson Secretary Secrelary of ofState ofState ofState State of ot o1 the btate blate State of Utah Vtah d dbereby dhereby dhereby bereby hereby certify cerllfy that Ihat the foregoing foregoingIs Is a full true and c rrect copy of ofthe ofthe ofthe the Constitutional Amendment pro pro- proposed proposed proposed - - posed by the Ihe regular session of Ihe the Iheleglslalure thelegislature thelegislature leglslalure legislature of 1939 as the Ihe sail san sari e enppears eappears eappears nppears appears of record In my c ( nice mct dice diceIn niceI ' I In witness wltnt'ss wltntss ' w wl wt ] ereof I have havl ' here h'ro- h'ro hro here- h'rounlo hereunto hereunto ( ' - - unto unlo get set my hand and afflxe amX afhxe { 1 f ) tt II it e I ' erest ( real rpal rest Seal of the Ihe Sta "ta ta Sts " e f Ut VI I t IIhls this 1this Ihls his 26th 26lh day dny t f A IR Ig l ist 1st t 1J40 IJ40 li40 li40Secretary 1J40I I % / z Secretary Secrelary of Sl St te Ie to |