Show constitutional constitution AL AMENDMENT NO 1 proposing to amend section 1 article XIV of the constitution of utah relating to state indebtedness A concil arent resolution renol ullon viding an to section 1 article XIV ot of the constitution of lim il state of utah relating to state debt ta tion lion ile he it enacted liy hy the legislature of tile the state 0 of utah two thirds of if all the members elected to each 0 of tile two tuo houses therein section 1 ahat it is proposed to amend section 1 article 14 or ir tile the constitution of t ile st state ate ot of etall so that the same battle wilt will read as follows sec 1 to meet casual de deficits flIts or failures allures in rev meonne re onne onoe and tor for necessary essaiy expenditures for or public purposes in eluding the 0 of public pi kilic build ings and for or the payment 0 of all ter fr indebtedness assumed by the tate state the state may t debts not exceeding in the aggregate aKK at any one time an anici amount tint equal to J I 1 per of the value of the taxable alile property of the state as shown liy by the last assessment for state purposes previous to the incurring of sm sin 11 indebtedness debt edness hut but the state shall never t contract any indebtedness except gis as in the next neit section provided in excess of such amount and all moneys aels I 1 1 ing ini from loans loani herein authorized shalla I 1 tie be applied solely to the pui boies s for which they were obtained see sec 2 the tha secretary ot of state at ate la is koreha like reby directed to submit liaa pro posed joseil amendment to the dedoes elee tors of the state stata at tile the next nett general elev eler tion iu in the mann mancur r provided pro idl by I 1 law soc sec 3 it adopted by tile vl tors of 0 tho the state slate nt shall lall uko take effect january 1 1 trl 13 i |