Show Constitutional on l I i Amendment l I Liability of oC Stockholders Stockholder of Banks A JOINT RESOLUTION PROPOSING PROPOSING PROPOS PROPOS- PROPOSING PROPOS PROPOS- ING T TO 10 0 AMEND END SECTION 18 ARTICLE XII OF THE CONSTITUTION CONSTITUTION CONSTITUTION OF THE STATE OF UTAH RELATING TO LIABILITY LIABILITY ITY OF STOCKHOLDERS OF BANKS Be it enacted by h the Legislature of the tha Slate State of o Utah thirds thirds of o all the he members elected to lo each house home concurring concurring con con- concurring herein therein SECTION 1 1 That It Is le proposed to amend section 18 article XII o of ot the constitution of ot the state slate of at Utah to read Sec 18 The legislature may provide by law that the stockholders stockholders stockholders stock stock- holders in Ia every corporation and Joint stock association organized for banking purposes or the holders holders holders hold hold- ers of at any anyone one or more of ot the classes ses of at stock Issued by any such cor car ration in fn addition to the am it t of at capital stock subscribed and fully Cully paid by them shall be Iud hid v dually responsible for tor an addi a addition tion tiel f l amount equal to not exceedIng exceeding exceed exceed- ing the ibe amount of or their stock In such stich corporation or the amount of or their stock of or any particular class in such corporation for all Its debts And liabilities of at every kind Section 2 2 The secretary of ot state is directed to submit this proposed amendment to the electors electors electors elec elec- tors of ot the state at nt the next general election in the manner provided by by- law Section 3 If It adopted by the ele electors tors of ot the state this amendment amendment amendment amend amend- ment shall take effect the first day of or January 1941 I J E. E E E E. E Monson Ionson Secretary of at State of ot the State of ot Utah do hereby certify that the foregoing Is a full true and correct copy of ot the Constitutional Amendment proposed proposed proposed pro pro- posed by the regular session of at the legislature of at 1939 as the same appears of ot record In my office In witness whereof whereat 1 I have hereunto hereunto hereunto here here- unto set my hand and affixed the Great Seal of ot the State of at Utah thIs day of at August 1940 1990 Secretary of or State |