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Show 1 A JOINT RESOLUTION PttOTOPTNG AN A-MENDMEN A-MENDMEN T TO SECTION 4. OF ARTICLE 14. OF THE CONSTITUTION OF THE STATE OF UTAH. FIXING THE LIMIT OF INDEBTEDNESS INDEBT-EDNESS OF COUNTIES. CITIES, TOWNS, AND SCHOOL DISTRICTS. Be it resolvod by the Legislaluie of the Sua to of Utah. two-Uihtls of all the membei-s elected to each of the two houses voting in favor thereof; Sex'tion 1. It Ls proposed to amend Section 4 of Article M, of the Constitution of the State of U-tah. U-tah. so that the same will read as follows: 4- When authorised to create indebtedness as provided in Section 3 of this Article, no county ! shall boeome indebted to an 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, j including existing indebtedness, exceeding four ! per centum of the value of the taxable property j therein, the value to be ascertained by the last assessment as-sessment for State and County nurposes, previous previ-ous to the incurring of such indebtedness; except j that in incorporated cities the assessment shall be i taken from the last assessment for city purposes; provided, that no part of the indebtedness allowed in thi Section shall 1x5 incurred for other than strictly county, city, town, or school district pur ' poeet; provided further, that any city of the first class and any city of the second class having over 20.000 inhabitants, when authorized as provided in Section 3 of this Article, may be allowed to in-I in-I cur a larger indebtedness not exceeding four per centum additional and any city of the second class I having lass than 20,000 inhabitants and any city j of the third class, or town, when authorized as i 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, artiticial lights, or sowers, when the works for supplying such water, lights, or sewers shall be owned and controlled by the muni-oipality. muni-oipality. Sec. 2. TheSecretary of State is directed to cause this proposed amendment to be published as reo. uired by the Constitution and to be submit text 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 theState, this proposed amendment shall take effect upon the first day of January, A. D. 1913. State of Utah, Otfice of the Secretary of State, S3. 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, 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, I have1 hereunto set my hand aod affixed the Great Seal of the Stat-- of Utah, at Salt Lake City, this 22nd day of August, 1912. , IsealI C. S. TINGEY. Secretary of State |