Show constin k amandi amendment acut i liability of stockholders of banks 4 RASO LUZION IR UlOS ING TO AMEND SECTION 18 ARTICLE XII OF TIIE HIE constitution OF 1 I HE OF UTAH RELATING TO LIABILITY OF OF BANKS be it 1 I enacted by the Legido Leg litre re of IN slate scold of utah two da ads ol at all li mern bars elected 10 to lo each house concurring on ru ns SECTION 1 that it Is 13 PrO proposed Dosed to amend section 18 article XII constitution of the state stat ot utah to read see sec is 18 the legislature may provide by law that the stockholders in every corporation and joint stock association organized for or banking purposes or the holders ers ot of any one or more ot of the classes ot of stock issued by any such stich corporation in addition to the a mount amount of 0 capital stock subscribed subscribe d and fully paid by them shall be individually responsible toi for an additional amount equal to not exceed ing in the amount ot of their stock in such corporation or the amount ot of t their heir stock ot of any particular class 1 in n su such c h corporation c 0 r p 0 ra t lon tor for all its ita d debts a and nd 1 liabilities 1 ab il i ti e s 0 ot f every kind I 1 section 2 the secretary ot of state Is directed to submit this proposed amendment to the elec tors odthe of the state at the next general election in the manner provided by law section 3 it if adopted by the electors of 0 the state this amendment shall take effect the first day ot of january y 1941 1 I E E monson secretary ot of state ot of the state ot of utah do hereby certify that the foregoing Is a full true and correct copy of the constitutional amendment pro posed by t the he regular session of the legislature of 1939 as the same oper appears ot of record in my office in witness whereof I 1 have hereunto set my hand and affixed the great seal heal of 0 the state of 0 utah this day of august 1940 ur secretary of state |