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Show i I A JOINT RESOLUTION! proposing an amend- j ment t iSec'iLii 1 of Article XIV of tiie Con- ; j siuit;on of ;iv-r State of Utah in relation to the ! j limit of the staee indebtedness. ! j Re it resolved by the legislature of the State of Utah: Two-thirds of all the members elected to j c-acb of the two houses eoneurri'-j? tlierein: j Section 1. It is proposed to amend Section 1 of J 1 Article XIV of the Constitution of the State of j 1 Utah so that the .-.anv will read as follows: j Sec. To meet casual deficits or failures in re- j j venue, and for neces-.ary expenditures for public j purposes, including the erection of public build-j build-j iiiKS. and for the payment of all Territorial in-; in-; debtedness as-aimed by the State, the Slate may j j contract debts, not exceeding in the atrff rebate at 1 any one time, an amount equal to one and one-half j I per centum of the value of the taxable property j of the State, as shown by the last assessment for ( j state purposes, previous to the incurring of such I indebtedness. Rut the State shall never contxaet 1 ! any indebtedness, except as in the next Section provided, in excess of such "mount, and all mon- ' ies arising from loans herein authorized, shall be : appl t'ri solely to the purposes for which they were ; : obtained. i Sec. 2. The Secretary of State is directed to 1 ' cause this proposed amendment to be published I as required by the Constitution and to be submit- 1 ted to the electors of the State at the next general ' j election in the manner provided by law. ; Sec. 6. II approved ny the electors or the , ! State, this proposed amendment shall take effect upon the first day of January. A. D. 1911. ; State of Utah, j OHice of Secretary of State. SS ! J I, Charles S. Tinjzey, Secretary of Stale of the ; , State of Utah, do hereby certify that the forefro- 1 ; ing: is a full, true and correct copy of a resolution : 1 proposing an amendment to Section 1 of Article , ' XIV, of the Constitution of the State of Utah in i I relation to the Limit of the State Indebtedness, S j passed by the Eighth Regular Session of the Leg:- ! islature of this state. ' I In testimony whereof I have hereunto set my ' hand and affixed the Great Seal of the State of i Utah at Salt Lake City this 29th day of August, ' 1 A. D. 1910. ! ' 50-8 C. S. TINGEY. Secretary of State. |