Show constitutional amendment liability of stockholders of banks A ioina RF resolution SOLUTION PROPOSING TO AMEND SECTION IS 18 ARTICLE XII XH OF THE constitution OF THE STATE OF UTAH RELATING TO LIABILITY OF stockholders OF BANKS se be it ly v the legislature let of if the state stale of utah ulah two iwo thirds of alt all the members elected to each house concurring n SECTION 1 that it is proposed to amend section 18 article XII 0 of the constitution of the state ol of utah to read see sec 18 the legislature may provide by law that the stockholders in every corporation and joint stock association organized tor for banking purposes or the holders of any one or more ot of the classes of stock issued by any such corporation in addition to the amount of capital stock subscribed and fully paid by them shall be individually responsible tor for an addi tionne amount equal to not lot i exceeding the amount of their stock la in such corporation or the amount of their stock of any particular class in such corporation tor for 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 ot of the state at the next general election in the manner provided by law section 3 it if adopted by the electors 0 of the state this amendment shall take effect the first day of january 1941 I 1 E E monson secretary of state ot of the state of utah do I 1 hereby certify that the foregoing ng is a full true and correct copy 0 of the constitutional amendment proposed by the regular session ot of the tha legislature of 1939 as the same appears of record in my office in witness whereof I 1 have hereunto set my hand and affixed the grent seal of the state of utah this octh day ot of august 1940 IL lo secretary of state |