Show constitutional amendment Ll liability ability of stockholders of hanks banks A JOINT IF resolution soLUTION PROPOSING TO AMEND SECTION 18 ARTICLE XII OF THE constitution OF TIIE THE stath STATE OF UTAH RELATING TO LIABILITY OF stockholders OF BANKS BANK S de be it enacted ly by the legislature of the stats state of utah two thirds of all the members elected to each house con wring the therein reint f SECTION 1 that it la is proposed to amend section so action 18 article XII of 0 the constitution of tho the state of utah to read sec 18 the legislature may provide by law that the tha stockholders in evory every corporation find joint stock association organized tor for banking purposes or the bola holders of any ono one or more ot of tile the classes of 0 stock issued by any such corporation in ili addition to tile the amount of 0 capital stock subscribed and fully paid by them shall bo be individually responsible for an adal lional amount equal td not exceeding the amount of their stock in ili such corporation or the amount of their stock of any particular class in such corporation for nil all its debts and liabilities of every kind section 2 the secretary of state la Is directed to submit this proposed amendment to tile the elee elec tors of the state at tho the next general election in the manner provided by law section 3 it if adopted by the electors of the state this amendment shall take effect tile tha first day of january 1911 1041 19 11 1 I ft monson alonson secretary of state of the state of utah to do hereby certify that tile toi foregoing Is a full true and connet con net copy of the tha constitutional amendment 1107 posed by the regular session or of tile the legislature of 1039 as aa the saino appears of record in my office in witness whereof I 1 have lieve hereunto sot my hand and affixed the great seal real of the state of utah this day of august 1940 A P L pta 1 secretary of state |