Show Constitutional t Amendment 1 Liability of Stockholders of Banks Ban A 1 ION PROPOS INC ING 1 70 10 U AMEND SECTION 18 8 ARTICLE ART XII XI OF Or THE 1 liE CO TUT ON Of Or I il fI HE f S1 STATE A 1 E. E OF UT UTAH AN REL REI RELATING A liNG TO ITY OF STOCKHOLDERS 01 Of BANKS Be tIe i it enacted tel I ly y the tf-e h L of t l State Stale of 01 Utah Iwo oo of 01 all tit members elected to each roch owe house owr een earring therein hutin SECTION 1 That It Is proposed to co o amend section 18 IS 18 article XII of or the constitution of or the state of or Utah to read rend Sec I IS S. S The legislature may provide pro by law that the stock stuck stockholders holders In every corporation find joint stock stork association organized for Cor banking purposes or the holders hold ers s of ot an any one or more of at the classes of stock Issued by any such corporation In addition to the amount of or capital stock subscribed and anti fully paid by them shall be Individually responsible for tor an il amount equal to not exceedIng exceeding exceed exceed- ing the amount of or their stock in such corporation or the amount of or their stock of or an any particular class In such corporation for all Its Us debts and liabilities of or every kind Section 2 2 The secretary of ot state is directed to submit this proposed amendment to the electors elec tors of the state at the next general genera election in the manner provided by byla la law w. w x u I Section 3 If adopted by the electors of the state this amendment amend ment went shall take effect the first day of or January 1941 I E. E E. E Monson Secretary of or State of the State of Utah do d hereby certify that the foregoing is a full true and anti correct copy of or orthe the Constitutional Amendment proposed proposed pro pro- posed by the regular session of the legislature of at 1939 as the same appears of record In my office In witness whereof 1 I ha have ve hereunto hereunto here here- unto set my band hand and affixed the Great Orent Seal of or the State of ot Utah this day of ol August 1940 o I Secretary of at State |