Show S S. S J J. J R. R No 2 W a r By y and Hopkin A JOINT RESOLUTION OF THE SENATE AND HOUSE 0 O F REPRESENTATIVES I OF THE THIRTY SECOND I LEGISLATURE 0 OF F THE STATE OF UTAH PROPOSING PROPOSING PROPOSING PRO- PRO POSING TO AMEND SECTION SECTION SECTION SEC SEC- TION 3 OF ARTICLE X OF THE CONSTITUTION OF THE STATE OF UTAH PROVIDING F FOR 0 R P PROCEEDS PROCEEDS PRO PRO- R O- O OF SALE OF SCHOOL LANDS AND y ROYALTIES FROM MINERAL MINERAL MINERAL MIN MIN- J ERAL LEASES OF SCHOOL f. f LANDS TO BE A PART OF THE STATE SCHOOL FUND I Be it resolved by the Legislature Legisla- Legisla ta- ta i ture o of 01 the State o of 01 Utah two-thirds two of 01 aU all members elected t to o each of 01 the two houses voting in f favor a v 0 r thereof Section 1 1 It Is proposed to amend Sec See 3 of Article X of the Constitution Constitution of the State of Utah to read Sec 3 3 The proceeds of the A sales of all lands that have been or may hereafter be granted by the United States to this state for the support of the common schools royalties royalties royal royal- I ties received by the state as asa asa a result of mineral leases of lands that have been or may hereafter be granted by the United States to this state for support of the common schools and five per of the neL net proceeds of the sales of United States public lands lying within with with- in the state and sold by y the k Wl United States subsequent to the admission of this state in into into into in- in to the Union shall be and remain remain remain re re- re- re main a permanent fund to be called the State School Fund the interest of which only shall be expended for the support support support sup sup- port of the common schools The interest on the State Stat School Fund the proceeds of all aU property that may accrue to the e statue state by the escheat or forfeiture all unclaimed shares and dividends of any corporation corporation corporation corpora corpora- tion incorporated under the laws of this state the proceeds of the sales of timber and the rentals received by the state from school and state lands other than those granted for specific purposes shall with such other revenues as the legislature may from time to time allot thereto constitute a fund to be known as the Uniform Uniform Uniform Uni Uni- form School Fund which Uniform Uniform Uniform Uni Uni- form School Fund shall be maintained and used for the support of the common and public schools of the state and apportioned in such manner as the legislature sh shall ll provide The provisions of Section 7 Article Artie XHI of this Constitution Constitution Constitution tion shall be construed as limitation limitation limitation limi limi- tation in the rate of taxation on tangible property for district district district dis dis- dis- dis school purposes and not noton noton noton on the amount of funds available available available avail avail- able and further no moneys allocated to the Uniform Uniform Uni- Uni uniform Uni uni- form School Fund shall be considered considered considered con con- in fixing the rates of taxation specified in Section 7 of Article Section 2 The Secretary of o State is directed to submit this proposed amendment to the electors of the State of Utah at the next general election in the tho manner provided by law |