Show I Constitutional Amendment I v Liability of Stockholders of or Bank Banke A If JOIN jO RF SOLUTION ON PROPOSING PROPOS PROPOS- INC ING 70 10 AMEND SECTION 10 IS ARTICLE CLE XII Xi OF THE CONSTITUTION CONSTITUTION OF THE ST STATE ATE OF UTAH RELATING TO LIABILITY ITY In OF STOCKHOLDERS OF BANKS B Be it il enacted fc J t the e Legislature of tie State Slate ol of Utah Ulah thirds Lao o of 01 all the he member members elected ta to t each house haute concurring con Burring therein I SECTION 1 1 That It is proposed I to amend section 18 18 article XII ill of oC the constitution of or the state otate of or Utah to re read d Sec 18 The Tho legislature may provide pro by law that the stockholders stock holders In every corporation cor and Joint stock association organized for banking purposes or the hold hold- era ern of or any one or more of or the classes of stock Issued by any such corporation In addition to the amount of capital stock subscribed and fully tully paid by them shall shull be individually responsible for an additional addi amount equal to not exceeding exceeding exceed exceed- ing tho amount of or their stock In such corporation or the amount of or their stock of any particular class j In such corporation for all its debts and liabilities of oC every e kind Section 2 The secretary of or state la is directed to submit this proposed amendment to the electors elec I tors of the state at the next general election in the manner pro provided by la law laer Section 3 It If adopted by the electors of the state this amendment amend ment meat shall chall take effect the first day dayoC of oC January 1941 1911 I 1 E E. E E. E Monson Secretary of State of or the State of or Utah do hereby certify that the foregoing Is a n full lull true and correct copy of or the Constitutional Amendment proposed proposed pro pro- posed b by the regular session of or the legislature of 1939 as the same appears o of record In my office In Ia witness whereof I 1 have hav hereunto hereunto hereunto here here- unto set my hand and affixed the Great Seal of or the State of or Utah this day of August 1940 I 1 Secretary of or State |