Show constitutional amendment Ll liability ability of stockholders erg of banks banka A ioina resolution TO AMEND SE SECTION 18 ARTICLE XH OF THE TUT ION OF THE STATE OF UTAH RELATING TO LIABILITY OF stockholders OF BANKS da ft 1 I enacted ty ly the act Leg faure of at the stale slate of utah iwo ino thirds th of all li 6 members elected to la each house con burring therein the reins 1 SECTION 1 that it la Is proposed io to amend election 18 article XII or oc tho the constitution pt the state of 0 utah to read boo bee 18 tho the legislature may provide by law that the stockholders in every corporation and joint stock association organized for banking purposes or tile tho hold era of 0 any ono one or more of 0 the i classes ot of stock issued by any such corporation in addition to the amount of capital stock subscribed and fully paid by thorn them shall ile bo individually responsible for or an additional amount equal to not exceeding tile alio amount of their stock in such corporation or the amount of their block of tiny any particular class in such corporation for nil all its debts and liabilities of every kind section 21 the secretary of stale la Is directed to submit tilt this proposed amendment to 0 o tile the electors of the state at tile the next goi general loral election in ili tile iho nii inner provided by law section 3 if 11 fid opted by tile the electors ol of the state stale this amendment shall take effect the first day of january loll 1011 1 B K munson hunson secretary of state slate of tho the state of uenh do hereby certify that dial the tha fale Is 3 a tull full true anil ani correct copy of the constitutional nt ht proposed by tile ilia reg regular ulal ses ao tilon or of ih he legislature of f 11 us its abe tipp liPP eurs of record in my lily ollice in Witt less hereof beof 1 I 1 have imro unto yut set tay awid and flaked diio grent sen sei or the of utah this octh day of august 1910 act f Secie tary of state |