Show S. S 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 0 OF F THE STATE OF UTAH PROPOSING PRO PRO- PROPOSING POSING TO fO AMEND SECTION SECTION SEC SEC- TION 3 OF ARTICLE X OF THE CONSTITUTION OF THE STATE OF UTAH PROVIDING FOR F 0 H P PROCEEDS PRO PRO- H 0 OF SALE OF SCHOOL LANDS AND ROYALTIES FROM MINERAL MINERAL MIN MIN- ERAL LEASES OF SCHOOL LANDS TO BE A PART OF THE STATE SCHOOL FUND Be it resolved by the Legisla Legisla- ture tUle of the State of 01 Utah two-thirds two of all members elected to each of the two houses voting in 1 favor a v 11 o 0 r thereof Section 1 It is proposed to amend Sec 3 of Article X of the Constitution of the State of Utah to read Sec 3 The proceeds of the sales of all lands that have been or may hereafter be granted by the United States to this state for the support of ot 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 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 United in uS the state and sold by ay by the States subsequent to the admission of at 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 State School Fund the interest of which only shall be expended for the support sup sup- su port of the common schools The interest on the State School Fund the proceeds of ot all property that may accrue the to-the to the th state by the escheat or forfeiture all unclaimed shares and dividends of any corporation corporation corpora corpora- tion incorporated under the laws of this state the proceeds of the sales of timber and the rentals received by the state from school and state lands other than those granted for specific purposes shall with such other ollier revenues as the legislature may from time to time allot thereto constitute a fund to be known as the Uniform Uniform Uni Uni- form School Fund which Uniform Uni Uni- form School Fund shall be maintained and used for the support of the common and public school n 4 tho 44 apportioned in such manner as ns the legislature shall provide Article The A f provisions visions of Section V 7 XIII of this Constitution tion shall be construed as limitation limi limi- tation in la the rate of ot taxation on tangible property for district dis dis- district dis- dis school purposes and not on on the s amount of funds able avail and further no form moneys allocated to the Uniform Uni- Uni Uni- Uni ni- ni School Fund shall be considered con con- considered in fixing the rates of taxation spec specified in Section 7 of Article XIII State Section 2 The Secretary of is directed to 0 submit this proposed amendment to the at electors the next of the State of Utah general in the election manner Provided by la law V. |