Show S. S J J. J R R. R No 2 By and Hopkin A JOINT RESOLUTION OF THE SENATE AND HOUSE O 0 OF F REPRESENTATIVES OF THE THIRTY SECOND 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 FO FOR R PROCEEDS PRO PRO- OF SALE OF SCHOOL LANDS AND ROYALTIES FROM MINERAL MINERAL MINERAL MIN MIN- ERAL LEASES OF SCHOOL LANDS TO BE A PART OF THE STATE SCHOOL FUND Be it resolved by the Legislature Legisla Legista- ture of the State of Utah two thirds of 01 all alt members member elected to each of 01 the two houses voting i in I 1 favor a v 11 o 0 T r thereof Section 1 It is proposed to amend Sec 3 of Article X of I the Constitution of the State of Utah to read Sec 3 The proceeds of the sales of all nIl 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 royalties royal royal- ties received by the state as asa 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 net net proceeds of the sales of United States public lands lying within with with- in the state and sold by the United States subsequent to the admission of this state in into into into in- in to the Union shall shaU be and remain remain re re- re main a permanent fund to be called the State School Fund the interest of at which only shall be expended for the support support support sup sup- port of the common schools The interest on the State School Fund the proceeds of all property that may accrue to the 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 ot the sales of timber and the rentals received by the state from rom school and state lands other than those granted for specific purposes shall shaU with such other revenues as the legislature may from time to time tune allot thereto constitute a fund to be known as the Uniform Uniform Uniform Uni Uni- form School Fund which Uni Uni- form School Fu Fund d 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 shall provide C The provisions of ot Section 7 Article XIII 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 thereto and further no moneys allocated to the Uniform Uni Uniform Uni- Uni ni- ni form School Fund shall be considered considered considered con con- in n fixing the rates of taxation spec specified in Section 7 of Article XIII Section 2 The Secretary of State Is directed to submit this proposed amendment to the electors of the State of Utah at the next general election In the manner provided by j law I a I I |