Show constitutional amendment liability of stockholders holders of banks A JOINT resolution PROPOSING TO AMEND SECTION 18 ARTICLE XII OF THE constitution OF THE STATE OF UTAH RELATING TO LIABILITY OF stockholders OF BANKS be it enacted ly by the legislature of the state slate of utah two thirds of all the mem bers elected to fo each house con burring curn n therein SECTION 1 that it ft Is proposed to amend section 18 article XII of 0 the constitution ol of the state ot of utah to read see sec 18 the legislature may p provide r ovido by law that the stockholders in every corporation and joint stock association organized for banking purposes or the holders of any one or more ot or the classes of 0 stock issued by any such corporation in addition to the amount of capital stock subscribed and fully paid by them shall be individually responsible for an additional amount equal to not exceeding the amount of oc their stock in such corporation or the amount of their stock of any particular class in ili such corporation tor for all its debts and liabilities ot of every kind section 2 the secretary of state is directed to submit this proposed amendment to the electors of the state at the next general election in the manner provided by law section 3 if adopted by the electors ot of the state this amendment shall take effect the first day ot of january 1941 1 I B E E monson secretary ot of state ol of the state ot of utah do hereby certify that the foregoing is a full true and correct copy of the constitutional amendment proposed by the regular session of the legislature of 1939 as the same appears a of record in my office in witness whereof I 1 have hare hereunto set my hand and affixed the great seal of the state of utah this day of august 1940 mi M i secretary ot of state |