Show proposed constitutional amendment no 3 SENATE AO A concurrent resolution providing an to section 1 article XIV of the constitution of the state of utah relating to state debt limitation be it enacted by the legislature of the state of utah two thirds of all the elected to each of the two houses therein section 1 that it Is proposed to amend section 1 article 14 of the eon of the state of utah so that the same will read U follows section 1 to meet casual deficits r failure in revenue and for feces ary expenditures for publia pu pheeb the erection of publeo build ancs and for the et all territorial indebtedness assumed by the state the state may contract debts not in the ar at any one time an amount equal to 3 per of the value ot the taxable property of the state aa shown by the last assessment tor state purposed ra violis to the incurring of such in but the shall never contract any indebtedness except as in the next section provided in excess of such amount and all moneys arising from loans herein authorized authorised shall be applied solely to the purposes or which they were obtained sec 2 the secretary of state f hereby directed to submit this proposed amendment to the elector ot the state at the next srener al election in the manner provided by law sec i if adopted by the elector of the state this amendment shall take effect january 1 1821 approved march 18 |