Show Proposed Constitutional Amendment Amend ment No 3 SENATE CONCURRENT RESOLUTION NO 0 a- a I- I resolution providing an amendment to Section 1 I Article XIV of ot the Constitution of ot the State ot of Utah relating to State debt limitation limita limita- tion Be It enacted by by- bythe the Legislature of t. t the State of ot Utah two-thirds two of all the members elected to each of th the Ui two Houses concurring therein Section 1 1 That it Is proposed to amend Section 1 I Article 14 H. H of ot the constitution con con- of ot the State of Utah so that the same will read as 03 follows Section 1 1 To meet casual deficits deficit or failures In revenue and for necessary sary vary expenditures for tor public purposes including the erection of ot public buildings build build- ings and for for- forthe the payment of all terr- terr tonal indebtedness assumed by th tile the 4 State the State may contract debts not exceeding d g in the at t any anyone f ot eai et Jl ono one time an amount equal to 2 pe per per- of the value of the taxable property of ot the State as shown shown- by t tK tits e last assessment for tor State purposes purpose previous to the Incurring of such in indebtedness In But th the State shall never contract any indebtedness except as a. asIn I In the next Section provided In ex exI excess excess ex- ex I cess of such amount and all mone moneys money I arising from loans herein authorized shall be applied solely to the purposes for tor which they were obtained Sec 2 2 The Secretary of ot State It is r hereby directed to submit this proposed proposed proposed pro pro- pro posed amendment to the electors of or orthe the State at the next neat general election In the manner provided by law Sec 3 3 If adopted by the electors of ot the State this amendment nt shall take I effect January 1 1 1921 I j Approved March 18 18 1919 |