Show constitutional CONSTITUTION AV AMENDMENT NO I 1 proposing to amend section 1 article XIV of the constitution of utah ne negating latIng to state indebtedness A concurrent resolution providing an amendment to section 1 article MV XIV at 0 the constitution ot of the state ot at re relating to state daba limit atlon be it enacted by the legislature ot at the state ot of utah two thirds ot of all the men members illers elected to each ot at the two hougee ll currin therein section I 1 that it la is proposed proponed to amend section 1 article 14 ot of the constitution ot at the sta state te ot of utah so 0 o that the ame same will rad as follows bee I 1 to meet casual deficits or failures in revenue and tor for necessary expenditure expenditures for public purposes ees in eluding the erection ot of public build ins and tor tur the payment ot of all territorial rit orial assumed by the tate state the tate state may contract debts not dot ia in the aggregate at any one time tinie on an amount equal to 2 per centa cent a ot of the value ot at th the e taxable property ot of the be tate state ai as shown by the last aai emment tor for tate state purposes previous ta the ut u auch such in but the tate state shall never contract an indebtedness except ae as in the nen next section pro provided sided in n excess ot of euch such amount and all moneys uri acts ing 1 from loans herein authorized shall lie be solely to the purpose pur posea tor for which they were obtained sp 2 the secretary ot of state to bar bechy iy ay directed to submit thie this pro aed amendment to the elector electors ot of the state at the text general election in the manner provided by law acs cc I 1 it adopted by the al 1 tors ot of the state this amendment shall tale effect january 1 2 1923 3 |