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Show Constitutional Amendment Liability of Stockholder! of Banks A JOINT RESOLUTION PROPOSING PROPOS-ING TO AMEND SECTION 18, ARTICLE Xll OF THE CONST1- , TUTION OF THE STATE OF UTAH. RELATING TO LIABILITY LIABIL-ITY OF STOCKHOLDERS OF BANKS. Be it enacted ly thi Lcgislaturt f tht Stale ef Utah, tmo-thirji of ell the member! elected It each houu ton- . curring therein t ' SECTION 1. That It la proposed to amend lection 18, article XII, of the constitution of the state of Utah to read: Sec. 18. The legislature mar provide by law that the tock-holders tock-holders In every corporation and Joint stock association organized for banking purposes, or the holders hold-ers of any one or more of the classes of stock Issued by any such corporation In addition to the amount of capital stock subscribed and fully paid by them shall be individually responsible for an additional addi-tional amount equal to not exceed-' ilng the amount of their stock In jsuch corporation, or the amount of their stock of any particular class in such corporation, for all 1U debt! and liabilities of every kind. Section I. The secretary of stats Is directed to submit this proposed amendment to the electors elec-tors of the state at the next general election In the manner provided by law. 1 Section 8. If adopted fcy thi electors of the state, this amend-ment amend-ment shall take affect ta first day of January, 194L I, E. B. Monson, Secretary of State of the State of Utah, do hereby certify that the foregoing Is a full, true and correct copy of the Constitutional Amendment proposed pro-posed by the regular session of tht legislature of 1939 as the same appears of record In my office. In witness whereof, I have here-nnto here-nnto set my hand and affixed ths Great Seal of the State of Utah, this 2Glh day of August, 1944. Secretary of Stst j |