Show constitutional amendment liability of stockholders of banks A JOINT resolution PROPOSING TO AMEND SECTION 18 ARTICLE XII XI I 1 OF THE constitution OF THE STATE OF UTAH RELATING TO ITY OF stockholders OF BANKS be it enacted ly by the Lesla lurt of the ie h state slate of utah two thirds of all the he members elected to a each house con can turri curri ng theren therein SECTION SECTION 1 that it la is proposed to amend section 18 article XII of the constitution of 0 the state ot of utah to read see sec 18 the legislature may provide by law that the stockholders in every corporation and joint stock association organized tor for banking purposes or the hold era of any one or armore more of 0 the classes ot of stock insua issued by any such corporation in addition to the amount of capital stock subscribed and fully paid by them shall be individually responsible tor for an additional amount equal to not exceeding the amount of their stock in uch such corporation or the amount ot of their stock of 0 any particular class in such corporation tor for all its debts and liabilities ot of every kind section 2 the secretary of 0 state is directed to submit th this is proposed amendment to t the he electors ot of the state at the next general election in the manner provided by law section 3 it if adopted by the electors ot of the state this amendment shall take effect the first day ot of january 1941 1 I E E monson secretary of 0 state ot of the state ot of utah do hereby certify that the foregoing is a full true and correct copy ot of the constitutional amendment proposed by the regular session ot of the legislature of 1939 as the same appears ot of record in my office in witness whereof I 1 have hereunto set my hand and affixed the great seal ot of the state of utah this day of 0 august 1940 agy secretary ot of state |