Show constitutional amendment liability of cf stockholders of danko A resolution PROPOSING TO AMEND SECTION 18 ARTICLE XII OF THE constitution OF THE STATE OF UTAH RELATING TO LIABILITY OF stockholders STOC OF BANKS be it ii enacted if y tae ln li asli laar of un As state of f utah too ivo thi th ads ifs vf of ell U afi ers elected is each him son w burring thare binl 1 SECTION 1 that it li Is proposed to a mend amend section 18 article XII of 0 the constitution ot at tila stat tte at 0 utah to read seo sea IS 13 the legislature may mar provide by taw law that ur the stockholders stockholder lock in try tory corporation and oa joint stock association tor for banking purposes ie or the th holders ol of any one or more of th classe ot of stock by my any corporation in addition to the amount ot at capital stock and tully fully paid by them shall be individually responsible tor for an additional amount equal to not exceed lug log the amount of et their stock in such auch corporation or the amount ot of their stock ot of any particular clan in uch such corporation for or all its it debts and HabU Ule ot of every und kind section 2 the th secretary lecreta ry at 0 state Is i directed to submit this proposed amendment amend meat to the lee elee ot of the state elate at the next general election in the manner provided by law section t L it adopted by th the electors ot of the state this amendment shall hall take effect elfe et the first arst day ot of Ja january nurry 1341 1941 I 1 E B E monson secretary of state ot of the state ot of utah do hereby certify that the foregoing is 13 a tull fall true and correct copy ot ol the constitutional amendment pro posed by the regular session of the legislature ot of 1939 as the same appears of record to in my office in witness whereof I 1 have hereunto set my hand band and affixed the great seal ot of the state ot of utah this day of 0 august 1940 secretary ot of state stat |