Show legal ir not notices ices constitutional amendment Libi Hobi lily lity of stockholders of banks A ioina resolution PROPOS INC TO JO AMEND SECTION 18 ARTICLE XII XI I 1 OF THE constitution OF THE STATE OF UTAH RELATING TO LIABILITY OF stockholders OF BANKS be it if enacted ly b y the Legisla legislature tur of the he state slate of at utah two thirds of all the she members elected to each house concurring curri ng therein SUCTION SECTION 1 that it is proposed to amend section 18 article XII ol of the constitution of the state ot of utah to read sec 18 the legisla legislature tiie may provide by law that the stockholders in every corporation ind joint stock association organized for banking purposes or the holders of any one or more of the classes of stock issued by any suc such h corporation in addition to the amount ot of capital stock subscribed and fully paid by them shall be individually responsible for an additional amount equal to not exceeding the amount of their stock in such corporation or the amount of their stock of any particular class in such corporation tor for all its debts and liabilities of every kind section 2 the secretary ot of state is directed to submit this proposed sed amendment to the electors ot of the state at the next general election in the manner provided by law section 3 it adopted by the electors ot of the state this amendment shall take effect the first day ot of january 1941 1 I E E monson alonson secretary 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 proposed by the regular session of the legislature ot of 1939 as the 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 ot of august 1940 jr secretary of state |