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Show Constitutional 1 Amendment .' Liability of Stockholders or Haifa A JOINT RESOLUTION PROPOS-JNC PROPOS-JNC TO AMEND SECTION 18 ARTICLE XII OF THE CONSTl'. TUTION OF THE STATE OF UTAH, RELATING TO LIABIL-1TY LIABIL-1TY OF STOCKHOLDERS OF BANKS. Be ii cnaclti Jj ,he USi,latun . thi Slot, cf Utah, tao-third, of all (A, members elected te each hou., . currmg therein: SECTION 1. That it is proposed to amend section 18, article XII, Tlfph t C0ns'ituti0D f the state of Utah to read: Sec is. TIle legislature may provide by law that the .tocfc f.m f m, 6Very corPration and o.nt s ock association organized tor banking purposes or toea ers of any one or more of the classes of stock issued by any guch corporation in addition to ?he ITtulW CaPitaK StCk Ascribed and fully paid by tb nd.vidually responsible for an "ddJ lonnl amount equal to not exceed-amUnt exceed-amUnt 0f theIr stck in their TPrt 0U- r the aont of heir stock of any particular class In such corporation, for all Its deDt! and liabhities of every kind " Section 2. The secretary of state is directed to ' submit thta proposed amendment to the elee! election m the manner provided by Section S. If adopted by the electors of the state, this amendment amend-ment shall take effect the firsT dar of January, 1941. 7 qtfE' ,E- Monsn. Secretary of State of the State of Utah do is ; iT' thSt lhe """tag tie r M?ae and correct copy ot the Constitutional Amendment pro-Posed pro-Posed by the regular session of tht leg.slature of 1939 as the sam appears oX record in my office! In witness whereof, I have hereunto here-unto set my hand and affixed tht this 26th day of August, 1940. Secretary of State. |