Show CONSTITUTIONAL AMENDMENT N NO 0 1 Pr Proposing g to Amend Section 1 Article XIV of the Constitution of Utah Relating to State Indebted indebted- HessA ness Hess nessA A concurrent resolution providing an amendment to Section 1 Article XIV Iv of or the Constitution of or the State j I of or Utah relating to state debt limita limita- tion n Be i enacted h the Legislature of ot 1 tho the S Stifle Ito of Uth two thirds of tf all ll the members elected to each of the two houses concurring therein Section 1 That it is proposed to amend Section 1 Article 14 ot or the Constitution of the State of Utah so that the same will read as follows Sec Ser 3 1 To meet casual deficits or failures in revenue re and for necessary expenditures for public purposes IncludIng including including in In- the erection of ot public buildIngs buildings buildings build- build Ings and for the payment of all ter- ter ter-j ter indebtedness assumed by the state the state may contract debts not exceeding in the aggregate at anyone any anyone anyone one time an amount equal to 2 per per- of ot the value of the taxable property of or the state as shown by thelast the thelast thelast last assessment for state purposes previous to the incurring of off such in In- But the state shall never contract any indebtedness except as asIn asIn asin I In the next section provided pro in excess excess' excess of or such amount and all moneys arising aris aris- I In ing from loans herein authorized shall I l he be e applied solely to the purposes for forr which they were obtained Sec ec 2 The secretary of state Is hereby her directed to submit this proposed pro pro- posed amendment to the electors of I Ithe the state at the next general elec 1 election I elec-I tion in the manner provided by law 1 Sec 3 If It adopted by the electors of or the state this amendment shall I take effect January 1 1 1923 I |