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Show A JOINT RESOLUTION proposing an amendment amend-ment to Section 1 of Article XiV of the Constitution Con-stitution of the State of Utah in relation to the limit of the state indebtedness. Be it resolved by the legislature of the State of Utah: Two-thirds of a'l the members elected to each of the two houses concurring therein: Section 1. It is proposed to amend Section 1 of Article XIV of the Constitution of the State of Utah so that the same will read as follows: Sec. 1. To meet casual deficits or failures in revenue, re-venue, and for necessary expenditures for public i purposes, including the erection of public build-( build-( ings. and for the payment of all Territorial indebtedness in-debtedness assumed by the State, the State may j contract debts, not exceeding in the aggregate at ' anv one time, an amount eaual to one and one-half per centum of the value of the taxable property j of the State, as shown by the last assessment for state purposes, previous to the incurring of such indebtedness. But the State shall never contract any indebtedness, except as in the next Section provided, in excess of such "inwini and all monies mon-ies arising from loans herein authorized, shall be appl ed solely to the purposes for which they were obtained. 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 submit-ted 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. 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 1 of Article XIV, of the Constitution of the State of Utah in relation to the Limit of the State Indebtedness, passed by the Eighth Regular Session of the Legislature Leg-islature of this state. 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. 60-8 C. S. TINGEY. Secretary of State. |