Show constitutional amendment liability of stockholders of banks A JOINT resolution PROPOSING TO AMEND SECTION 18 ARTICLE alt OF THE constitution OF THE STATE OF UTAH RELATING TO LIABILITY OF stockholders OF BANKS be it ena enacted cicil ly 19 the legislature of the state of utah two thirds th irdi of all the members elected to each how house con burring therein 1 SE SECTION 1 that it Is proposed to amend section 18 article XII of the constitution of the state of 0 utah to read see sec 18 the legislature ma may provide by law that the stockholders in every corpora corporation lluu lina and joint stock association organized tor for banking purposes or the holders 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 tor for an all additional amount equal to not exceeding tile the amount of their stock in such corporation or the amount of their stock of any particular class in such corporation for all its debts and liabilities of every rind kind section 2 the secretary of state tat is directed to submit this proposed amendment to the electors of bt the state at the next general election in the tri manner anner provided by law section 3 it if adopted by the electors of the he state this amendment shall take effect the first da day of january 1941 1 I B H E K 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 by the regular session of the leki legislature slature of 0 1939 as the same appears of record in my office in witness whereof I 1 have hereunto set ray my hand band and affixed the great seal of the state of utah this day of august 1910 1940 novt A I 1 secretary of state |