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Show A JOINT RESOLUTION proposing an amend- ment to Section 4, of Article 14, of the Con- j slitution of the State of Utah, in relation to the Limit of indebtedness of Counties, Cities, Towns and school districts. lie if resolved by the Legislature of the State, of Utah, two-thirds of all members elected to each of the two houses concurring therein: 1 Section 1, That it is proposed to nmend Section 4 of Article 14. of tho Constitution of State of Utah so that the same shall read as follows: t Section 4. When authorized to create indebted-. indebted-. ness as provided in Section 3 of this Article, no county shall become indebted to an amount, in-1 in-1 eluding existing indebtedness exceeding two per centum. No city, town, school district or other ' municipal corporation, shall become indebted to an amount including existing indebtedness, exceeding ex-ceeding four per centum of the value of the lax-able lax-able property therein, the value to be ascertained ' by the lost assessment for State and County pur-i pur-i poses, previous to the incurring of such indebted-: indebted-: ness; except that in incorporated cities the assess-j assess-j ment shall be taken from the last assessment for : city purposes; provided, that no part of the in-debUKlness in-debUKlness allowed in this section shall be incur-! incur-! red for other than strictly county, city, town or I school district purposes, provided further, that . any city of the first and second class when authorized autho-rized as provided in Section three of this article, J may be allowed to incur a larger indebtedness, not j to exceed four per centum and any city of the i . third class, or town, not to exceed eight per centum I additional, for supplying such city or town with l water, artificial lights or sewers, when the works for supplying such water, light and sewers, shall ! be owned and controlled by the municipality, j Section 2. The Secretary of State is directed to ! cause this proposed amendment to be published as required by the Constitution and to be submitted submit-ted to the electors of the State at the next gene-ralelection gene-ralelection in the manner provided bylaw. Section 3. If approved by the electors of the State, this proposed amendment shall take effect on the first day of January. 1911. State of Utah, Office of Secretary of State. SS. I. Charles S. Tingey, Secretary of State of the State of Utah, do hereby certify that the foregoing forego-ing is a full, true and correct copy of a resolution proposing an amendment to Section 4, of Article 14, of the Constitution of the State of Utah, in relation to the Limit of Indebtedness of Counties, Cities. Towns and School Districts, passed by the Eighth Regular Session of the Legislature of this Btate. In testimony whereof I have hereunto set my hand and affixed the Great Seal of the State of Utah at Salt Lake City this 29th day of August A D. 1910. 50-8 S. TINGEY, Secretary of State. |