| Show tut ional 1 amendment Amei Amel dment 6 liability of Stoc of banks A 4 JOINT resolution I 1 PROPOS INC TO AMEO SECTION 18 ARTICLE XII CP 0 THE constitution OF TE afe STATE OF UTAH RELATING TO LIABILITY OF STOC stockholders HOLDERS OF BANKS be it enacted ly b V the of thir thi state slate of utah tao birds of all lh tha members elected to mch ach house concurring therein SECTION 1 to Is proposed to amend section IS 18 article XII of the constitution orthe of the state ot of utah to read sec 18 the legislature legisa ture may provide by law that the stockholders in every corporation corpo aaion and joint stock association organized for banking purposes or the holders ot of any one or more ot of the classes of acock issued by any such corporation in addition to the amount or of capital stock subscribed and fully paid by them shall bo be individually responsible tor for an additional amount equal to not exceeding the amount ot of their stock in such corporation or the amount or their stock of any particular class in such auch corporation for all its debts and liabilities 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 1 it adopted by tho the electors of the state this amendment shall take effect the first day of january 1941 1 I E E monson secretary or state of the state ot of utah do hereby certify that the foregoing is a full true and correct copy or of the constitutional amendment proposed by the regular session of the legislature of 1939 as th the sam same appears of record in my office in witness whereof I 1 have hereunto set my hand and affixed the great seal of the state of utah this day of august 1940 crT rt secretary ot of state words are like sunbeams the more they are condensed the deeper they burn the only time some of us are any good at saving money is when we any |
