Show Proposed Constitutional Amend Amend- Amendment l ment mint No NoS 3 SENATE NO 0 C. tx t A concurrent resolution providing aa IA amendment to Section 1 1 Article XIV of ot the Constitution of the State of Utah relating to State debt limits limits- tl tion Be it enacted by the Legislature ef of the State of ot Utah two thirds of ot all all' the members elected to each of the tb two Houses concurring therein 1 Section 1 1 That it is la proposed te to amend Section 1 Article 14 H of ot the constitution con COlI r of or the State of Utah so that Ot the same will read as al follows follows- sit Section 1 1 To meet casual deficit or fall failures pres In revenue and for tor nets nets' n c sary nary expenditures for public purposes including the erection of ot public buildings buildings build und ings In and for the payment of ot all territorial terri tern tonal Indebtedness assumed by t I debts State tho the State may contract debts not exceeding in the at ay atly ayone one time an amount equal to 2 per per- of ot the value of ot the taxable property of the State as shown by Jk JIa dogs last assessment for State purposes ei previous to the Ule incurring of such Buch In Indebtedness In- In IS But the State shall never contract any indebtedness except atIn ss at hIn h- h In the next Section provided in ex excess excess u- u cess cels of ot such amount and all money moneys arising from loans herein authorized shall be applied solely to the purpose for which they were obtained Sec 2 2 The Th Secretary of State is II li hereby directed to submit this pro pro 4 posed pOlled amendment to the electors elector of the State at the Ute next general j In the manner provided by law Sec 3 3 If It adopted by the elector of the State this amendment shall take effect January 1 1921 s Approved March IS 18 18 1919 |