Show I Constitutional Amendment f 1 Liability of or Stockholders of Banks A RESOLUTION PROPOSING PROPOSING PROPOS PROPOS- ING INC 7 10 0 AMEND SECTION 18 II ARTICLE XII OF THE CONSTITUTION CONSTITUTION 7 OF THE STATE OF UTAH RELATING TO LIABILITY lL ITY OF STOCKHOLDERS OF BANKS D B n.- it enacted d by ly th the L Legislature of l the e eStat Slate Stat of 01 Utah third of 01 all the lire members men d elected to each house concurring con eon therein SEC SUCTION SECTION ION 1 That It Its Is s proposed to amend section IS article XII cf of the he constitution of the state of or Utah to read Sec IS The legislature may provide by la law laV V that the stock holders in every corporation and r joint stock stork association organized b bor for f or banking purposes or the hold hold- es of any one olle or more of the classes of or stock Issued by any such corporal ion In addition to the amount of oC capital stock subscribed and awl fully Cully paid by 11 them shall shaH be Individually responsible for an addi amount equal to not exceed ing the amount of or their stock in such corporation or the amount of or their stock of or any pari particular class in such uch corporation for all ali its debts and liabilities of or every kind Section 2 The secretary of or state is directed to submit this proposed amendment to the electors elec elec- tors of the state at the next g general election in the manner Jaw Haw provided b by Y Section 3 It If adopted by the electors of or the state this amend amend- ment shall take effect the first da day Y YI cf cr January 1941 1991 I E E. E E E. E Monson Secretary of State Stare of or the State of or Utah do hereby hOleby certify that the foregoing is a full rull true and correct copy of The Constitutional Amendment pro posed by the regular session ie of or the legislature of or 1939 as the same a appears p pe a of or record in m my office In witness whereof I t have here here- set my hand and affixed the ii nt Seul Seal of or the Stale State of or Utah this nits day of or August 1940 1990 1 Secretary of or State |