Show constitutional dional amendment liability of stockholders of banks A JOINT resolution PROPOSING TO AMEND SECTION 18 ARTICLE XII OF THE constitution OF THE STATE OF UTAH RELATING INq TO LIABILITY OF stockholders oh be it enacted ly by the fit legislature leg isla lui of llie state slate of utah ulah two thirds of 1 all 11 the llie to lo con cn burring turn ng therein SECTION 1 I that it Is proposed to amend section 18 article XII of 0 the constitution of the state of utah to read see sec 18 the legislature lature may provide by law that the stockholders in every corporation mid joint stock association organized tor for banking purposes or the hold ore era ot of any one or more of the classes ot of stock issued Issue dby by any such corporation in addition to the amount ot of capital stock subscribed and fully paid by them shall be individually responsible tor for an additional amount equal to not exceed ing the amount of their stock in such corporation or the amount of their stock ot of any particular class in such corporation for all its debts and liabilities ot of every kind section 2 the secretary of tale state Is directed to submit this proposed amendment ato to the elec tors ot of the state at the next general election in the mander manner provided by law section 3 it if adopted by the electors of the state this thia amend in ment ent shall take effect the first day 0 ot f J january a nuary 1941 1 I E B E monson secretary ot of state ot of the state of utah do hereby certify that the foregoing Is a full true and correct copy of the constitutional amendment pro posed by the ot of the legislature ot of 1939 ae the sauie same appears 0 of record in my office in witness where whereof of 11 1 have hereunto set got my hand and affixed the great seal deal of the state of at utah toll day of august 1940 secretary ot of state |