| OCR Text |
Show the admission of this state into in-to the Union, shall be and remain re-main a permanent fund, to be called the State School Fund, the interest of which only, shall be expended for the support sup-port of the common schools. The interest on the State School Fund, the proceeds of all property that may accrue to the state by the escheat or forfeiture, all unclaimed shares and dividends of any corporation corpora-tion incorporated under the laws of this state, the proceeds of the sales of timber, and the rentals received by the state from school and state lands, other than those granted for specific purposes, shall, with such other revenues as the 2?isla1 m-p mnv from tii-no In S. J. R. No. 2 By Messrs. Stringham and Hopkin A JOINT RESOLUTION OF THE SENATE AND HOUSE O F REPRESENTATIVES OF THE THIRTY SECOND LEGISLATURE OF THE STATE OF UTAH PROPOSING PRO-POSING TO AMEND SECTION SEC-TION 3 OF ARTICLE X OF THE CONSTITUTION OF THE STATE OF UTAH, PROVIDING FOR PROCEEDS PRO-CEEDS OF SALE O F -CHOOL LANDS AND ROYALTIES FROM MINERAL MIN-ERAL LEASES OF SCHOOL LANDS TO BE A PART OF THE STATE SCHOOL FUND. time allot thereto, constitute a fund to be known as the Uni-jtorm Uni-jtorm School Fund, which Uniform Uni-form School Fund shall be maintained and used for the support of the common and public schools of the stat; and apportioned in such manner as the legislature shall provide. The provisions of Section 7, Article XIII of this Constitution Constitu-tion shall be construed as limitation limi-tation in the rate of taxation on tangible property for district dis-trict school purposes and not on the amount of funds available avail-able therefor, and, further, no moneys allocated to the Uniform Uni-form School Fund shall be considered con-sidered in fixing the rates of taxation specified in Section 7 of Article XIII. Section 2. The Secretary of State is directed to submit this proposed amendment to the electors of the State of Utah at the next general election in the manner provided by law. Be it resolved by the Legislature Legisla-ture of the State of Utah, tiro-thirds of all members elected to each of the two ' -'in voting in favor thereof : Lectin I. It is proposed to ;.:n:-nd Sec. 3 of Article X of the Cons'nUition of the Stale of Utan to read: Sec. 3. The proceeds of the sales of all lands that have been or may hereafter be granted by the United States to this state, for the support of the common schools, royalties royal-ties received by the state as a result of mineral leases of lands that have been or may hereafter be granted by the United States to this state for support of the common schools, and five per centum of the net proceeds of the sales of United States public lands lying within with-in the state and sold by the United States subsequent to |
