Show constitutional amendment liability of stockholders Stock holers of nf fais alks s A ioina v TO AMEND Sh shi lioy OV IS ARTICLE XII 0 oh OF shaik tf OF UTAH TU TO LIABILITY OF stockholders OF BANKS be it il enacted ly by te ie of the in state stale of at utah isia lo chirds ol of off all the members elected to la each howe con can wr ng mt therein SECTION 1 that it II Is I 1 proposed to amend section 18 XII ot of the constitution or of the state slate 0 of utah to read sec 18 the legislature may provide by law that the stork holders in every corporation and joint stock association organized tor for banking purposes or the holders ot of any one or more ot of the classes ot of stock issued by any such corporation in addition to the amount ot of capital stock and fully paid by them shall be individually responsible tor for an additional amount equal to not exceeding the amount 0 of their stock in such corporation or the amount of 0 their stock ot of any particular class in such corporation for or all its debts and liabilities ot of every kind section 2 the secretary ot of state Is directed to submit this proposed amendment to the electors 0 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 0 of january 1941 1 I E E monson alonson secretary ot of state 0 of the state ot of utah do hereby certify that the foregoing Is 9 a full true and correct copy ot of the he constitutional amendment proposed by the regular session of the legislature of 1939 1929 as the same appears of record in my office in witness whereof I 1 hal ha ve hereunto set my hand and affixed the tha great seal ot of the state stale of utah this day ot of august 1940 u enral tl secretary ot of state stale |