Show I Constitutional i Amendment t 1 Liability Liability of Stockholders of Rank flanks nannA A O NT RI HI MC I 1 70 U AMEND SECTION SErnO ire 10 ARTICLE XII XI OF J THE liE CO 7 JON U i iON OF THE 57 A Al 7 L OF Or UTAH AI RELATING NC TO LIABILITY L ITY In OF STOCKHOLDERS Of Of- BANKS N KS B Be il it enacted by ly the he Legislature of flu fie Sae ol of Utah Ivo o of all the t members tl elected to 10 each tach home louse concurring concurring con con- concurring therein eren SECTION SUCTION 1 That it il is proposed to amend section 13 IS 18 article XII of or the constitution of ot the slate state of ot Utah to read Sec 18 The legislature may provide by law that the stockholders stock holders in every ery corpora corporation t 1011 and Joint stock association organized for banking purposes or the hold holders ers of or an any one one or more of or the classes of or stock stoel Issued by an any such corporation in addition to the amount of at capital stock subs subscribed and fully tully paid by them shall be he be bein t in individually responsible for tor an add I. I amount equal to not exceeding exceed exceed- ing lag the amount of at their stork stock In such corporation or the fhe amount of or their stock of at any particular class in ill such corporation for all its Us d debts and liabilities of every ery kind Section 2 2 The secretary of at state is directed to submit this proposed amendment to the electors elec tors of the state stale at the next general election in the manner provided by law Section 3 If It adopted by the electors of the state this amendment amendment amend amend- ment shall ahall take effect the first t day of January 1941 J I 1 E E. E E E. Monson Ionson Secretary of or State of ot the State of ot Utah do hereby certify that the foregoing Is a full Cull true and correct copy of or orthe the Constitutional Amendment proposed proposed pro pro- posed by the regular session of the legislature of or 1939 1339 as the same appears of at record in my In witness whereof I 1 ha have ve hereunto here here- unto tinto set my stand hand and atti Id the rent resit al Seal of the Stale State of nf Utah this day of at August Angust l 1940 W. W S Lt L w I. I JC I Secretary jf a S Sare 1 |