Show constitutional AMENDMENT NO I 1 proposing to amend section 1 article XIV of the constitution of utah relating to state indebtedness A concurrent resolution providing an amendment to section 1 article XIV of the constitution ot of I 1 lit lie state of utah relating to state debt limitation lie ile it enacted 1 liy y the ot of lio lie state of utah two thirds ot all the members elected to elich eiichi ot of the two houses concurring therein section 1 that it is proposed propos oil to t emend amend section 1 artile 14 of ti alif if constitution of the lie state of u utah so BO that hat the sanie aadne will road read as follows see sec 1 to civet casual its or failures in reNe revenue nue and for necessary expenditures tor for public div in eluding the ot of publia baiad ings and tor for the lh payment crit of oc all territorial rit orial as assumed sinned liy fly tit the e state late the state may contra contri rt vt delita not inot wree loding in the at any one time line an arno amount tint equal to 2 per ot of the alue ot of the tui ille property iro perty of the lie state as ishoi kii liy by the last assessment tor for state purposes previous to the incurring Inci irrin of oc such indebtedness debt edness lint but the state shall never contract any indebtedness except as in tile the next section provi provided deill in excess of such amount and alt all moneys aris ing from loans herein author authorized authorised ined shall lie e applied solely to the purposes tor for which they were obtained see sec i 2 the secret secretary arv of state i Is f hereby directed to sub anit this pro posed faed amendment to the electors of the tale state at the next general election in the manner provided toy liy law lawa see 3 it adopted hy by HIP electors of the state this amendment shall take effect january 1 VI 1 |