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Show f A JOINT RESOLUTION PkOPOSINO AN A- I JAENDMEVT TO SECTION 4. OF ARTICLE 14. OF THE CONSTITUTION OF THE STATE OF UTAH, FIXTNG THE LIMIT OF INDEBTEDNESS INDEBT-EDNESS OF COUNTIES. CITIES. TOWNS, AND SCHOOL DISTRICTS. Be it resolved by the Legislature of the State of Utah, two-Uiirds of all the members elected to' each of the two houses voting in favor thereof; Section 1. It is proposed to amend Section 4 of Article 14, of the Constitution of the State of Uriah, Ur-iah, so that the same will reud as follows: 4. When author iced to create indebtedness aB provided in Section 3 of this Article, no county shall become indebted to aa amount, including existing ex-isting indebtedness, exceeding two per centum. No city, town, school district, or other municipal corporation, shall become indebted to an amount, including existing indebtedness, exceeding four per centum of the value of the taxable property therein, the value to be ascertained by the last assessment as-sessment for State and County ourposes, previous previ-ous to the incurring of such indebtedness; except that in incorporated cities the assessment shall be taken from the last assessment for city purposes; provided, that no part of the indebtedness allowed in this Section shall be incurred for other than strictly county, city, town, or school district purposes; pur-poses; provided further, that any city of the first class and any city of the second class having over ! 20,000 inhabitants, when authorised as provided in Section 3 of this Article, may be allowed to incur in-cur a larger indebtedness not exceeding four per centum additional and any city of the second class having less than 20.000 inhabitants and any city of the third class, or town, when authorised as aforesaid, may be allowed to incur a larger indebtedness in-debtedness not exceeding eight per centum additional addi-tional for the purpose of supplying such city or town with water, artificial lights,or sewers, when the works for supplying such water, lights, or sewers shall be owned and controlled by the municipality. muni-cipality. Sec. 2. The Secretary of State is directed to cause this proposed amendment to be published as required by the Constitution and to be submitted to the electors of the State at the next general election in the manner provided by law. Sec 3. If approved by the electors of the State, this proposed amendment shall take effect upon the first day of January, A. D. 1913. State of Utah, Office of the Secretary of State, ss. I. Charles S. Tingey. Secretary of State of the State of Utah, do herebv certify that the foregoing forego-ing is a full, true and correct copy of a resolution proposing an amendment to Section 4, Article 14, of the Constitution of the State of Utah, fixing the limit of indebtedness of counties, cities, towns and school districts. In testimony whereof, 1 have hereunto set my hand and affixed the Great Seal of the State of Utah, at Salt Lake City, this 22nd day of August, 19 L2. IskalI C. S. TINGEY. Secretary of State |