Show S S. S J J. J R. R No 2 By and Hopkin A JOINT RESOLUTION OF THE SENATE AND HOUSE O 0 OF F REPRESENTATIVES OF THE THIRTY SECOND LEGISLATURE O OF F THE STATE OF UTAH PROPOSING PRO PRO- POSING TO AMEND SECTION SEC SEC- TION 3 OF ARTICLE X OF THE CONSTITUTION OF THE STATE OF UTAH PROVIDING F FOR 0 R P PROCEEDS PRO PRO- R 0 OF SALE OF SCHOOL LANDS AND ROYALTIES FROM MINERAL MINERAL MIN MIN- ERAL LEAS LEASES S OF SCHOOL LANDS TO BE A PART OF THE STATE SCHOOL FUND I i Be it resolved by the Leg Legisla Legisla- ture of the tILe State of Utah two thirds of all members member elected to each of the two houses louses voting in J f favor a v o 0 r thereof Section Section 1 It is proposed to amend Sec 3 of Article X of the Constitution of the State of Utah to read Sec 3 3 The proceeds of the sales of all lands that have been or may hereafter be granted by the United States to o this state for the support of the common schools royalties royalties royal royal- ties received by the state as a result of mineral leases of lands that have been or may hereafter Rafter be granted by the United States to this state for support of the common schools and five per of the ne proceeds of the sales of United States public lands lying within with with- in the state and sold by y the United States subsequent to the admission of this state in into into in- in to the Union shall be and re remain remain remain re- re main a permanent fund to be called the a State School Fund the interest of which only shall be expended for the support support support sup- sup port of the common schools The interest on the State j jr School Fund the proceeds of IJ all property that may accrue to tote the state by the escheat or forfeiture all unclaimed med shares and dividends of any corporation corporation corpora corpora- tion incorporated under the laws of this state the proceeds 1 of the sales of timber and the t s rentals received by the state Y from school and state lands 1 other than those granted for specific purposes shall with such other ollier revenues as the w legislature may from time to 1 j time allot thereto constitute constitute- a J 4 fund to be known as the Un Uniform Uni- Uni i- i t 11 form tonn School Fund which Uniform Uniform Uni- Uni 1 form fonn School Fund Fud shall be 3 j 1 maintained and used for the support of the common and J public schools of the state and apportioned t in such manner as the toe e legislature shall provide J The Pr provisions visions of Section 7 t Article Artie XIII of this Constitution tion shall shaU be construed as limitation limitation limitation limi- limi tation in the rate of f taxation o on tangible for Property distrIct district district dis- dis s school ool purposes and not t ton on the L amount of fun funds available available avail- avail able ther ox an and i. i further no moneys allocated to the Uniform Uni- Uni 1 IM form fonn School Fund shall be considered considered considered con- con in fixing the rates of ot taxation specified in Section 7 of Article XIn XIII AO Section 52 2 The Sho Secretary of State is directed to submit this a proposed amendment to the electors o of i the State of Utah at the next general election In tn the tho manner provided b by y law |