Show COMPUTE TEXT OF PROPOSITION NO 4 RESOLUTION ON STAI ES AUTHORITY TO Gl ARAM EE THE DEBT OF SCHOOL DISTRICTS A JOINT HKSOILTION OP TIIK IJHiiSI JlTtUK 'a interekt from the Stale School Fund remaining after dedue-tod the amount retained in the State School Pund Ur protect the PHOHOtt-IN- n TO AMKNII THK UTAH fONSTUlTION PKKMIT-TINTHK STATK TO OL'AKANTPK I IIP IlfHI OP St'HOOI PKIIMIJTIM IIIK IMdSM-TUHTO PHOVIIJK POK KKJMHlRSf MKNT HV SCHfXH DIKTHICTS KKMOVINO I1MITA-TIONON PL'HIJC DKHTANI) IKNIHNO PUilJC CKPD-IPOH TIIIK PL'KPOKK AND PKOVIOINO AN KPPKU-TIV- IMTK Thu resolution llow: T K propoaea to change the Utah Omxtitution aa fo- AKT1UI X SUCTION 29 VI X SWTION AKTHIK XIII i AKTHIJS XIV SFXTION b ll remAved by the Ijrguluture 'hr ehtU of ( 'luh tut Until of member c eleeletl to web of tin tl u houtey i oh OK u pit or there Karllim I It Ik propoaed to amend Article VI Knliun 29 L'Uh Conetftutioa to read: Article VJ Section 29 (Iendirig public credit foiliiililrn — Perception) TIi' lavgiaialure kiiall not authorize ’Im-- State or any county city town lowribiup jtlr ict or other poht a! tubdivieion r( the State to lend ita credit or uhcnbe to tu it or bond in aid of any railroad telegraph or oilier private individual or cor (rotate enter priw- or un dertakiriKM£rjn ttjrfsrujJid jj Artak A btilioi 2 Section 2 ll la prupoaed In amend Article X Section L'tah Contribution to rend: Article X Seclion 5 I Slate Sclnarl Pirnri and l'nlforni School Fund — Kalalrliahmenl and uae — llelrt There it eblahliklied a (e I' Imi-Slate S ahal contitl of revenue from Ih- n loamy oun-1 hyl priid wiiii I e hv i I‘trti-- ' ar'i n ondary arhouU hl S'l 'if the net proreedk Iron i e i V ol I 'ruled Stale jhlc land lying within tin ktate 'ey all revenue derived Iroru rnrer wahle rcnour'e on taie land otirer than ov reign land granted for rlhi-- pe crfic purpoae dall revenue derived Iroru tin- - U"" o' e hool trout land ar d ei oilier revenue approprm'ed u ')e legislature uj '2 Tie State School Pund field h the iate in perpetuity treatment of the Stale School F r iac 'a pri'pi in rre iii 'f the afe'y in vekted arid received from in- Iv 'jd ioa te i cjardi-- lor fie topporl Iuv w vl The public elementary and may make appropriation fr'rrri v livy tr M lard revenue to provide funding iiecery for the proper admui' ration and manage merit'd tlune land ounkiklent wtl thet'a'e' fiduciary rerpontihi-Illitoward tile frenefinarie of ire land true' I’nex pended halanet remaining from )' epnr pr 'on at ' - end rd I yl f i "a S' eath year chail he j''I A pr- temof tfi in'ere1 earnng of ! n hud in an arro ift at fiee oe id equal to the 'o'ai fa ar'e in tr e Kta'e "v r z f each' alendar year multiplied l) 'reaonua ''''-o- inflation for tne precedilig year a determined hv Die tat'- rr jrer nhall Ire re lamed in the S'a'e Jyloij p jrd and add d e ripal Stale 'vieed p or d !a!l e- g jarar i ' d lv 'ir lotaor 'eagaret drvercion m-'- e )! i- depod rt f - 'rr - I Section 3 ft i propoaed Ur amend Article XIII Section S Utah ('onktitution Ur read: ArticleXIII Section fi (Ia al authorities to levy IiMial taaea — Sharing taa and revenue by political auhdivlaion — Debt (luarantyJ 1 he legilat ire hail not impoee taxe for Hie purpoe of any 'ouMycilv to An or other municipal corporation hut rnav hy law f in Ihctorpoia'eaulhoritie repe lively me power to of burdi corporation ard roiw t taxi- - for all arvining tr the contrary contained it: thin Uonblilu-tiopl tu al boldriint rnay bhare their tax arid other revenue with oher (I'litual nulxhvnion a provided fiy utalute and ihl of m he rlate dntriLly ad may guarantee g in rn'iiff d lu 'e'jjd :m- - bih'eyj dmr't debt a d-- oi-ipa- - rn-i- - ai proreed from the aie ol a nid grmied Slater to tint klalelor lheuppor to f ll p nlii e a made guaranty d'-h- t 1 1 1 fial dratml ddrlxuarasleed lhrnrbyw anylwrrywiig uQiie iale widtnaktti idJaeiirlaleJlie flayrnwil al lirealale'a ahUgalitin a detlp£ifaealale uuder any dcht guaranty afcalJjiul Un included lur purpuM-- t uf the 1535 imulalianuf Article XIV gtrtkaJL 'h I'M Jeg'ia! irfrnayprsivldethaireimlru'aFnR’fitU'thertaU: yjtii) Is JjUvifJ ir iit iMhKt wiiiiii ulrcrwjMiuuid iv u?itn lilt cduulioiaj pograma uf Urectii!ruldulyu1 siikh w ttiudr a payment under the atate'a mi ur rt d 'he dch! eilii V'-- guaranty! Tl-er- X9u!¥ Kiartrl 0 KFXTION 0 AJirirui xiv s tion legitialoreand '( ' otiier revenue received hv the fund under any otiier provi-bo- n of law or Iry donation 4 The Uniform School P und bhall he maintained and uerd fur llie kupp'irt of the ntateV public elementary and anoondary nchoola bhall provide and apporuoned a tiie liiedeld vimiml dralrkteaeMled i&l' The alkie may aitordiute wjiii AfluJeXlV bMUMi SLkfld may gyarimU debt inturred lo refirndlhc KhauJ lutnrtdfht Any deldjuiaanljLthf i AMFNDS: AKTICIJi for d aga net Jotbe doe to iuiuiliOn h reveiije appropriated o ‘fie DISTKKTS etah!hed a I'rdo'f'i N ioo' P uod e'a but of revenue from tile following vj'e ! lie At-!'i'- - pru-ide- d X Vi'oo i Seclion 4 ll la propoaed to amend Article XIV Section Utah tonalitution In read: Artw-lXIV Section I I fixing the limit of the ktate fndehledne — Flxception) I To meet racuai deficit or failure m revenue and for necexaary expenditure for public purpobe ii'luifirg the erection of public buudmg and for tl" pay merit of all Territorial mdebledfieak hv the State the State may contract debt riot ecceeding in Hie aggregate at any one time an amount equal to one and one half ol the Slate a per centum of lie value of tile taxable prop-rlbhcwrihy tne !at aemerit for Slate purpoxe previoun to the in-- i contract ir'rig of iKh indebtednev Sut the State hall never XlVSec-tor) any irdhtedne except a nrovided in the next? Arlcle provided 2 in xre of uch amount and all mociiea ariving from loan her'-- authorized fthali le applied eolelv to the pur I'''- - for wh'h they were obtained Section 5 ll I propoaed to amend Article XIV Section ft Utah ( onatflulion to read: ArtfcleXIV Section 9 I Stale not to aaaume county city town or achool dia’rirt debta — I ' S'aie jne tie rehi or any part thereof of any tour' Hv "owe or ivl 'le'rr t !"pl as pf ! i'J( d in AtllJc X it i vr i Sectirm 9 Submittal to elector The hi dimtcd lu tubmit thu gu'' iTior ameridei' eit'tr!:i Sertion U f 11 1 Ilf I by t’ to the eevr prupUMd of th'-- rtiiie of Utah at lh next general Uj taw th me '(ahher pro-idc7 Fffectlve dale appro ic tfie elector r of the dale the ameidmc-n- t rtaolularn hall ukc tiled un January vcfl thu joint proposed 117 |