| Show I CONSTITUTIONAL AMENDMENT NO 1 Proposing to Amend Section 1 Article i XIV of the Constitution of Utah Relating to State Indebtedness Indebtedness Indebted Indebted- n nessA ness nessA em emA A concurrent resolution providing an amendment to Section 1 Article XIV of the C Constitution of the State of ot Utah relating to state debt limita tion Be it enacted by the Legislature o 0 othe ot the State of Utah two-thirds two j of al althe all the members elected to each of the two houses concurring therein I Section 1 That it is proposed to amend Section 1 Article 14 of the Constitution of ot the State of Utah so 80 I that the same will read as follows Sec See 1 To meet casual deficits or failures In revenue and for necessary expenditures for public purposes Including including In in- eluding the erection of public buildIngs buildIngs build- build Ings tugs and for tor the payment of aU all territorial territorial ter ter- Indebtedness indebtedness' assumed by the tato the state may contract debts not exceeding in fn the tho aggregate ate at any anyone ono one time an amount equal to 2 per- per of the value of the taxable property of the state as aa shown by the thelast thelast last assessment for state purposes previous to the Incurring of such soch In But lint the state sh shall ll never contract any indebtedness except as asIn I In the next section provided In excess of such amount and aU all moneys arising aris aria ing Lug from loans herein authorized shall be applied solely to the tho purposes for which they were obtained Soc Sec 2 The secretary of state Is 18 hereby directed to submit this proposed pro posed amendment to the el electors of the tho state at the next general election election deetion elec dee tion In the manner provided by law Sec 3 If adopted by the electors of the state tate this amendment shall take effect January 1 1923 |
