Show Propos d Constitutional Amendment Amend Amend- ment No 3 I CONCURRENT T RS NO 10 e. e J nm A concurrent resolution providing an amendment to Section 1 I Article r of ef Ute the Constitution ton of ot the State of or rt Utah relating to State debt limita tion t ir Be De It enacted by the Legislature of et the State Stith of Utah two thirds of ot all the tbt members elected to each of df t the two Houses concurring therein Section 1 That it Is la proposed t. t amend Section 1 1 Article 14 14 of or the constitution con eon of the State Stat of Utah ee 80 so tk that t the tI same um will trill read as follows Section I 1 Ta TO meet cuu casual t deficits ts ii or r r failures In revenue for nary arT ex expenditures for tor public U o e j including the erection of or public bull uti build buildings In ings and for the payment of ot all teal tonal Indebtedness assumed by t e eState State Stats the tho State may contract debts debty try j not exceeding In the at any say one anI time an amount equal te to 2 per per- of the value of the tho taxable property of the State as shown by Use tire last assessment for State purposes to the Incurring of such sueh In In- In Ifs But the State shall never e contract any indebtedness except te as In th the next Section provided In ex excess n. n cess ceas of or such luck amount and all moneys money w arising from loans herein shall be applied solely to the purposes tl for which they were obtained ned Area lea Sec 2 The Se Secretary of or State li is hereby directed to submit this proposed proposed pro proposed posed amendment to the electors of the State at the next general Vea in the manner provided by law J Sec 3 If It adopted by the electors elector I of the State this amendment shall skaU take t effect January I 1 1931 t yf l Approved March 18 18 IS toU 1011 ft |