Show proposed Pio posed constitutional amend mant no 3 SENATE nE SOLUTION HO 9 A concurrent providing an amendment to section 1 article XIV of the 0 the state of uth to baat debt aton be it enacted by the Legli lature of the slat of utah two third ot all the ambra elected to each ot the two koubel theran section 1 that it Is proposed to amend section 1 14 of abo con of th state ot utah BO that lh acae will read u follow section 1 to meet deficit or allure in revenue and or hecei ry expenditure for publeo purposes pu poses the erection of publeo build ingi ing i and for the payment of all herrl edne by the state the state may contract debt not exceeding in the at any one time an amount equal to 2 per of the value of the taxable property of the state as hown by the last aaa arment for state purpose to the incurring of such in but tha state hall never contract any edner except aa in the next section provided in ex ceci of uch amount and all moneys ill lain from loans herein authorized hall be applied belr to the purpose tor which they ware obtained sec S tha secretary of state 1 hereby directed to lubolt thle pro amendment to the electora elec tori ot the state it the next general election in the manner provided by law so S if adopted by the elector of the state thle amendment ahall take effect january 1 1921 approved march 11 1111 |