Show constitutional n amendment i i liability of of banks banka r A resolution PROPOS INC 10 TO td AMEND SUCTION satio a 18 ARTICLE XII OF THE rhe OF WE THE STATE OF UTAH RELATING TO LIABILITY OF stockholders OF BAKS bt be it enacted nae ly by the legislature of 10 it stats of utah ali dida ot of alt bifid Mem dembei bei elected to a each house con lavril mi SECTION 1 if that tbt U 11 ts Is proposed to amend section 18 article XII XI ot of the constitution ot of the state of at utah to read goo 18 tho the legislature may provide by law that the tha stock holders in every corporation and alid joint stock association organized for banking purposes or the hold era of any one or more of tile the classes of stock issued by any ouch corporation in addition to the amount of capita stock subscribed and fully paid by them be 18 individually responsible tor for an additional amount equal to not exceeding the amock amount ot of their stock in lucli uch corporation or the amount ot of their of tiny any particular claas in such corpo corporation atlon for alt all its debts and ul of avory iad section 8 9 the of 0 state fate la is directed to submit this proposed amend mek to elec e c tors tora of the state atthe at the next general election in filhe milliner provided by law section bewon 3 it IS adopted by the tao electors ot of the tha state this ame amendment ld shall take tahe effect the cf day of january MI 1841 1 I E B N secre secretary I 1 a ry ot of state of the state of utah do hereby certify that the foregoing Is a tull full true and correct copy of the constitutional amendment proposed by the regul regular fir session of the legislature of 1039 ua as the some same appears of record in my n ollace in witness whereon roof I 1 have he liero 0 unto set BO my hand and dallied the groat great seat boal of the tha stale 0 of utah thin day of august aho la 11 A J S secretary of state |