Show constitutional amendment liability of stockholders of banks A JOINT resolution PROPOS ING TO AMEND SECTION 18 ARTICLE XII OF THE constitution OF THE STATE OF UTAH RELATING TO LIABILITY OF stockholders OF BANKS be it il enacted by the legislature of the he state slate of utah two thirds of all the members elected to each house con cin ear burring ins therein I 1 SECTION 1 that it la Is proposed to amend section 18 article XII ot of the constitution of 0 the state of 0 utah to read sec bee 18 the legislature may provide by law that the stockholders in every corporation and joint stock association organized tor for banking purposes durpos es or the h holders ot of any one or more ot of the classes ot of stock issued by any such corporation in addition to abe the a mount amount of capital stock subscribed bold and nd tally fully paid by them shall be individually responsible tor for an additional amount equal to not exceeding the amount of their stock in suc such h corporation or the amount of 0 their stock of any particular class in such corporation tor for all its debts and liabilities ot of every kind section 2 the secretary of et tate state is directed to submit this proposed amendment to the electors of the state at the next general election in the manner provided by lw law section 3 it adopted by the electors lec tors ot of the state this amendment shall take effect the first day of january 1941 1 I E E monson secretary ot of state of the state of utah do hereby certify that the foregoing to Is a full true and correct copy of the constitutional amendment proposed by the regular session of the legislature of 1939 as 69 the same appears of record in my office in witness whereof I 1 have hereunto set my hand band and affixed the great seal beal of the state ot of utah ahto day ol of august 1940 JW WA S secretary of state |