Ogden Standard-Examiner | 1920-09-19 | Page 11 | Proposed Constitutional Amendment No. 3

Proposed Constitutional Amendment Amend-ment No 3 SENATE CONCURRENT RESOLUTION NO 6 concurrent resolution providing an aniendmeni to Section i. rtlcle XIV I of the Constitution of the State of BBBBBBBBBJ i tab relating lo State debt limitation I... ii the Legislature of tho BJBJBJBJBJ Stale of Utah, 'wo thirds Of all the mem i I, i- to each ut tho two liouea BSJjBSJBJ concurring t herein: Section I I he t it la piopoaed to .mend Section i Article 14. or the constitution of lh- State I'tah .so that the same BBBBJ read ii H Section To meet casual deficits nr failures in ic venue, and for necessary ex- liiH pendlturei tor public purp. . .- Including H thi . ctlon of public buildings, and for the i " m nl of all l rrltorial indebtedness 'assumed hv the State, the State may con- H tract debts, not exceeding In the aggre. BjSJBBJBjg nts al anj on tl in amount equal te 2 percentum ol 'he value of tha taxable property of the state aa ahown by pjSJBPBjBJ , i,,. 1,-1 ., oaament foi state purposea, .previous lo Ih Incurrbig auch imiehy 1 edness But the State -hall never con BSJBjgSJBJ tract anv Indebtedness except aa in tJie BJgJgSJBSI 'next section provided. In execs of H .. i , ,.i ,n. .11 ni.mevs arleint from loans hsreln authorid. shall be an plied ..h i i to th. purposea for which the j obtained. Sec 2 The Secretar of State Is hcrehfi H directed submit ihla proposed amends ment to 'I lectora of the state at thg; n. ,;i gei ilectlon In the manner provided pro-vided law. H B 3. II adopted by the electors oT ii,,. Btati tbl.s iniendnient shall take ef ' j 1. 1921. fjfgH ! Approv- u March 18. 1919.